The Price of Failure

Stevie came and Stevie went.

During his tenure NUFC regressed significantly to the extent that we ultimately were relegated at the end of the season.

The price?

From the Mag.



"It may be over a year since Steve McClaren was sacked by Newcastle in March 2016 but it is only now that his compensation package has been revealed.

The full Newcastle United accounts have now been lodged at Companies House and they include details of the amount paid.

Though he isn’t named, the accounts state that £1m was paid for ‘loss of office’ for one Director of NUFC.

The club had four Directors during the accounting period (up to 30 June 2016) and they were Lee Charnley, Bob Moncur, Graham Carr and Steve McClaren.

With only Steve McClaren leaving, it is clearly the Head Coach (and Director) the £1m was paid to.

The total paid to the four directors was revealed to be £956,000, with the highest (unnamed) one paid £674,000.

This compares to £296,000 being paid in total to directors the previous year (up to 30 June 2015).

We can draw a number of conclusions from this information.

It seems clear that the £674,000 was Steve McClaren’s wages for the year up until he was sacked on 11 March 2016.

There had been media reports when he was appointed, that McClaren’s Newcastle salary was £1m per season.

So it looks as though he was paid a year’s salary as compensation when sacked, whether this was already part of his contract, or agreed when the decision to get rid of him was made.

Taking it pro-rata, the £674,000 the highest paid director received, would work out to around £1m for a full year, if as looks certain it was Steve McClaren’s pay from 1 July 2015 until 11 Match 2016 when he left.

With the total pay for Directors being £296,000 the previous year (2014/2015), knocking off McClaren’s £674,000 would then leave a similar amount (£282,000) to be divided between the other three directors (Charnley, Moncur and Carr).

The previous year (2014/15) the highest paid director received £150,000 out of the £296,000 total and that would have been Lee Charnley. So Graham Carr and Bob Moncur must have shared around £132,000 in 2015/16 if Charnley stayed at £150,000, with presumably the chief scout getting the lion’s share of that."



And the moral is?

Better to be a failure than a success.

 

Good work - very interesting. Suggests we are paying under the market rate for our manager/coach.

 

So he was so schite he even lost his office? Useless fecker.

 

Rafa is allegedly on £3m a year so hopefully the club has realised... if you pay peanuts you get monkeys...

 

So what exactly did you pay for your "mustard chinos"?

 

He used one of his old REP post-it notes.

 

About £40 is what I get paid to wear them.

 

And he has been sacked 3 times in the last 18 months. Nice work if you can get it!!

 

The only person to get the sack more is a doctor specialising in vasectomies!!!

 

I can tell you that the price of failure is monumental

 

Peter Reid is testament to that.

 

Why did we give all that money to a man who we were paying peanuts to? The oddity of one Michael James Wallace Ashley.

 

Who's to say that there wont be a nice little Stevie Bonus in next years accounts as well.

 

Easily done. I heard Sir Bobby did that a couple of times when he accidentally took the lift up to level 7.