| McKenna's contract 07:44 - May 31 with 9316 views | Radlett_blue |
Have any more details been leaked out?
Yes, I'm delighted that he appears to have committed to Town & is now unlikely to jump ship for a middling PL club or even the poisoned chalice called Chelsea. I also don't have a problem with us paying him £6m a year, but does this include a bonus for keeping Town in the PL (& probably bonuses for winning trophies or League position) ? Also, is there a relegation clause? While I don't necessarily think KM should go if we go down, should we be saddled with paying him £6m a year if in the Championship? There's lots of talk about players having "relegation clauses" in their contract. |  |
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| McKenna's contract on 13:51 - May 31 with 2093 views | textbackup |
| McKenna's contract on 13:48 - May 31 by NthQldITFC |
I quite like the idea that we must be one of the only clubs where the manager is paid several times what the highest paid player is played. That seems to be the right way round to me.
In a perverse sort of way I think it might attract the right sort of players to come here - promising hungry young players who know that they are going to be developing under an exceptional manager. |
Certainly gives off old skool Sir Bobby vibes doesn’t it |  |
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| McKenna's contract on 14:00 - May 31 with 2064 views | BseaBlue |
| McKenna's contract on 13:51 - May 31 by textbackup |
Certainly gives off old skool Sir Bobby vibes doesn’t it |
I said it after the Hirst interview following promotion, but how refreshing is it that players are desperate to come here? Hopefully this is the same for Omari and other young hot prospects that will be desperate to work for our manager. The 6+ million could be a bargain. |  | | |
| McKenna's contract on 14:42 - May 31 with 2021 views | PhilTWTD |
| McKenna's contract on 11:05 - May 31 by textbackup |
I’m sorry… more than £6m a year?!
Am I wrong for saying this… But if our player budget doesnt match that of the manager doesn’t it make it a little difficult to achieve what KMs ambitions are?
Which then says to me just how much have they discussed our player budget will be?! |
That's what I hear. Player budget will obviously be pretty high. First season up teams have more scope for fees than they tend to going forward as they usually get themselves up to their limits, then have to work around that position in the years to come. |  | | |
| McKenna's contract on 14:51 - May 31 with 1973 views | FrimleyBlue |
| McKenna's contract on 13:24 - May 31 by smithy69 |
This will easily be the best 6m a year we spend. I genyheblu would have paid double that to keep him
Clubs paying 10-15m for back up players - and paying 30-40k a week minimum
In the grand scheme of things - it’s peanuts |
Exactly why I said when it was mentioned if we are paying that for KM then we can expect some hefty transfers coming in. Might not be fees as some bargains to be done but wages...
No point paying KM that sort of money and saying try stay up with a championship budget. |  |
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| McKenna's contract on 14:53 - May 31 with 1972 views | BseaBlue |
| McKenna's contract on 14:42 - May 31 by PhilTWTD |
That's what I hear. Player budget will obviously be pretty high. First season up teams have more scope for fees than they tend to going forward as they usually get themselves up to their limits, then have to work around that position in the years to come. |
Moving forwards, it is possible for us to sell futher stakes in the club to investors with it counting towards the PSR rules?
I am guessing that one season of safety in the Prem would be monumnetal to the value that the club can use for more investment (Particularly with the US contacts we seem to have) | | | |
| McKenna's contract on 14:58 - May 31 with 1951 views | PhilTWTD |
| McKenna's contract on 14:53 - May 31 by BseaBlue |
Moving forwards, it is possible for us to sell futher stakes in the club to investors with it counting towards the PSR rules?
I am guessing that one season of safety in the Prem would be monumnetal to the value that the club can use for more investment (Particularly with the US contacts we seem to have) |
Not sure how it works in terms of PSR, but I know the long-term plan was to sell stakes in that manner. But they have said there are no immediate plans following the recent investment. Presumably they'll look to be a bit more sensible in the running of the club than others as I would guess they might try to take some money out of it going forward. | | | |
| McKenna's contract on 15:05 - May 31 with 1921 views | _clive_baker_ |
| McKenna's contract on 14:42 - May 31 by PhilTWTD |
That's what I hear. Player budget will obviously be pretty high. First season up teams have more scope for fees than they tend to going forward as they usually get themselves up to their limits, then have to work around that position in the years to come. |
I head from a reliable source that we’re willing to spend up to c. £90m on players this summer. Blows my mind somewhat. |  | | |
| McKenna's contract on 15:07 - May 31 with 1901 views | FrimleyBlue |
| McKenna's contract on 15:05 - May 31 by _clive_baker_ |
I head from a reliable source that we’re willing to spend up to c. £90m on players this summer. Blows my mind somewhat. |
Seems about right. Didn't we get 140 odd mill for promotion and then you can lose 63 mill in your first year or something like that? | |
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| McKenna's contract on 15:15 - May 31 with 1886 views | _clive_baker_ |
| McKenna's contract on 15:07 - May 31 by FrimleyBlue |
Seems about right. Didn't we get 140 odd mill for promotion and then you can lose 63 mill in your first year or something like that? |
Yeah and it gets quite nuanced as let’s say that’s 6 x £15m signings (obviously won’t work like that, but for arguments sake) and they’re on 4 year deals then thats £22.5m hitting the P&L each year for those additions. Let’s say £50k a week wages, so £15m a year in wages from those additions. We’ll offset c 10% - 20% of that through players leaving. So that would be somewhere in the region of £35m a year of incremental cost on the P&L. Not even close to the revenue benefit from promotion, but guess we’ll be prudent as if we go straight down we only get 1 year of full parachute money.
Silly numbers. Either way there’s going to be some juicy deals over the next 3 months. | | | |
| McKenna's contract on 15:25 - May 31 with 1843 views | victorysquad |
| McKenna's contract on 10:35 - May 31 by PhilTWTD |
Whisper I hear is that it's even higher than £6m a year. Assume there will be some element of that figure dropping if we're relegated. |
It is an absolute masterstroke by Ashton + ORG tbh. This deal gives Kieron and his family financial security for the rest of their lives.
Would love to know what Brighton were offering, but I would guess it was less. If so, then it was quite clear to Kieron who wanted him the most, and who valued his expertise the highest.
It is just fantastic news all round, and it is totally the right thing that he manages us next season. |  |
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| McKenna's contract on 15:28 - May 31 with 1820 views | portmanking |
| McKenna's contract on 15:15 - May 31 by _clive_baker_ |
Yeah and it gets quite nuanced as let’s say that’s 6 x £15m signings (obviously won’t work like that, but for arguments sake) and they’re on 4 year deals then thats £22.5m hitting the P&L each year for those additions. Let’s say £50k a week wages, so £15m a year in wages from those additions. We’ll offset c 10% - 20% of that through players leaving. So that would be somewhere in the region of £35m a year of incremental cost on the P&L. Not even close to the revenue benefit from promotion, but guess we’ll be prudent as if we go straight down we only get 1 year of full parachute money.
Silly numbers. Either way there’s going to be some juicy deals over the next 3 months. |
£90m isn't really that bad because of amortisation, like you say. I'd heard it could even be approaching the £100m mark which, split across 4-5 seasons, is *only* £20-£25m on the balance sheet per year.
The key will obviously be staying up, first and foremost. However, no matter what, the £100m will help us to build market value into the squad, giving us the flexibility to sell one or two crown jewels for big dough in the event of relegation. | | | |
| McKenna's contract on 15:38 - May 31 with 1765 views | _clive_baker_ |
| McKenna's contract on 15:28 - May 31 by portmanking |
£90m isn't really that bad because of amortisation, like you say. I'd heard it could even be approaching the £100m mark which, split across 4-5 seasons, is *only* £20-£25m on the balance sheet per year.
The key will obviously be staying up, first and foremost. However, no matter what, the £100m will help us to build market value into the squad, giving us the flexibility to sell one or two crown jewels for big dough in the event of relegation. |
Not to be a pedant but the value will be on the balance sheet, but unwound to the p&l over the length of the contract for the purpose of the sustainability calcs.
Your point is right, it’s why the who & what we’re buying is so much more important than the price really. Obviously the 2 go hand in hand, but recruitment is going to be so so important to get right to a) give us the best chance of staying up and b) giving us the flexibility to trade them on profitability if we don’t. | | | |
| McKenna's contract on 15:41 - May 31 with 1736 views | tractorboy1978 |
| McKenna's contract on 15:28 - May 31 by portmanking |
£90m isn't really that bad because of amortisation, like you say. I'd heard it could even be approaching the £100m mark which, split across 4-5 seasons, is *only* £20-£25m on the balance sheet per year.
The key will obviously be staying up, first and foremost. However, no matter what, the £100m will help us to build market value into the squad, giving us the flexibility to sell one or two crown jewels for big dough in the event of relegation. |
Hutchinson is just an absolute no brainer buy for me if we can get him. I'd love to see us really force that one through and capitalise on his relationship with McKenna. Even at £25m on a 5 year deal that's excellent business. We know exactly what he is capable of under this manager and is only going to develop further. As I posted elsewhere, look at the fees the likes of Eze and Olise are being touted for this summer. Omari has everything in his locker to be that good. | | | |
| McKenna's contract on 16:02 - May 31 with 1665 views | PhilTWTD |
| McKenna's contract on 12:32 - May 31 by textbackup |
I replied to the bloke that runs this website.
He was speculating, not me |
I wasn't speculating! That's what I've been told by someone who should know the ins and outs.
How are you doing, incidentally? Recovering well?
This post has been edited by an administrator | | | |
| McKenna's contract on 16:04 - May 31 with 1649 views | portmanking |
| McKenna's contract on 15:41 - May 31 by tractorboy1978 |
Hutchinson is just an absolute no brainer buy for me if we can get him. I'd love to see us really force that one through and capitalise on his relationship with McKenna. Even at £25m on a 5 year deal that's excellent business. We know exactly what he is capable of under this manager and is only going to develop further. As I posted elsewhere, look at the fees the likes of Eze and Olise are being touted for this summer. Omari has everything in his locker to be that good. |
£25m feels on the steep side to me, given that he's not really even set foot on the PL stage.
£15m with realistic add-ons feels like a good middle ground IMO. Chelsea still get a minimum five-fold return on their money for doing feck all too. | | | |
| McKenna's contract on 16:08 - May 31 with 1614 views | burnbudgiesburn |
| McKenna's contract on 15:28 - May 31 by portmanking |
£90m isn't really that bad because of amortisation, like you say. I'd heard it could even be approaching the £100m mark which, split across 4-5 seasons, is *only* £20-£25m on the balance sheet per year.
The key will obviously be staying up, first and foremost. However, no matter what, the £100m will help us to build market value into the squad, giving us the flexibility to sell one or two crown jewels for big dough in the event of relegation. |
No one wants it to happen, but even selling Leif to say Newcastle for £30m would give us loads more room to play with. | | | |
| McKenna's contract on 16:11 - May 31 with 1600 views | tractorboy1978 |
| McKenna's contract on 16:04 - May 31 by portmanking |
£25m feels on the steep side to me, given that he's not really even set foot on the PL stage.
£15m with realistic add-ons feels like a good middle ground IMO. Chelsea still get a minimum five-fold return on their money for doing feck all too. |
I'd like us to pay less obviously, and suspect it probably will end up being closer to what you suggest. When you are amortising over a 5 year contract though, an extra £5-£10m is neither here nor there really in the scheme of things. Getting that deal done early would be big for us. | | | |
| McKenna's contract on 16:13 - May 31 with 1595 views | _clive_baker_ |
| McKenna's contract on 16:08 - May 31 by burnbudgiesburn |
No one wants it to happen, but even selling Leif to say Newcastle for £30m would give us loads more room to play with. |
He’s an absolute golden nugget, especially if he has another good season. Could be sold in the event of relegation and pretty much the whole fee would be upside. | | | |
| McKenna's contract on 16:19 - May 31 with 1568 views | burnbudgiesburn |
| McKenna's contract on 16:13 - May 31 by _clive_baker_ |
He’s an absolute golden nugget, especially if he has another good season. Could be sold in the event of relegation and pretty much the whole fee would be upside. |
Yep. Getting a 30x return on Leif means we will be able to suck up the occasional misfire we make in the likes of Camara.
We need to limit 'Camaras' in the Prem though. Some clubs seem to be stacked with 10-15m misfits on big wages who get released for nothing.
I reckon the only risks we'll be taking are on frees on someone like Sessignon. We need to be savvy even if we have a potential 100m kitty to spend. | | | |
| We need 8 players; and £10m is minimum for Premiership ready quality on 16:35 - May 31 with 1528 views | unstableblue |
| McKenna's contract on 15:05 - May 31 by _clive_baker_ |
I head from a reliable source that we’re willing to spend up to c. £90m on players this summer. Blows my mind somewhat. |
£20m marquee player in there somewhere
Just hope we get the business done early. |  |
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| Phil - do the existing players who are going to be retained on 16:39 - May 31 with 1516 views | unstableblue |
| McKenna's contract on 14:42 - May 31 by PhilTWTD |
That's what I hear. Player budget will obviously be pretty high. First season up teams have more scope for fees than they tend to going forward as they usually get themselves up to their limits, then have to work around that position in the years to come. |
Automatically get wage increases due to Premiership promotion? as a part of existing contracts. Or will they be seeking to renegotiate.
Those on £10-15k a week, are going to be well behind the new players on £30-40k a week.
Ross Barkley was reported as being on £43k a week at Luton.
The numbers are staggering. But I suppose the £135-140m Sky money is such a step-up! | |
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| McKenna's contract on 17:01 - May 31 with 1441 views | MK1 |
| McKenna's contract on 15:05 - May 31 by _clive_baker_ |
I head from a reliable source that we’re willing to spend up to c. £90m on players this summer. Blows my mind somewhat. |
I won't lie, those kind of figures scare the sh1t out of me. I assume anyone coming in for more than say £5M would be a starter. If we signed somewhere in the region of 7 or 8 players, that means the main bulk of our starting X1 from last season will either be sold or on the bench. I understand we need to improve the squad but these players have worked so hard and play as a unit, I would like them to have a proper crack at it. I am ok with 3 or 4 new faces in the starting X1, but 6 or 7 I think is a bit scary and a bit unfair on those who got us there. I would prefer gradual change. |  |
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| McKenna's contract on 18:02 - May 31 with 1349 views | textbackup |
| McKenna's contract on 15:05 - May 31 by _clive_baker_ |
I head from a reliable source that we’re willing to spend up to c. £90m on players this summer. Blows my mind somewhat. |
And I don’t mean this in a negative way at all, but when we start spending them fees I’m going to feel a little lost, and confused.
Absolutely not ready to see my club spending £10/£15/£20m on a player
(But of course it’s where we are now and long may it continue, and may we get thousands more fans, and grow and grow!) | |
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| Phil - do the existing players who are going to be retained on 18:05 - May 31 with 1326 views | PhilTWTD |
| Phil - do the existing players who are going to be retained on 16:39 - May 31 by unstableblue |
Automatically get wage increases due to Premiership promotion? as a part of existing contracts. Or will they be seeking to renegotiate.
Those on £10-15k a week, are going to be well behind the new players on £30-40k a week.
Ross Barkley was reported as being on £43k a week at Luton.
The numbers are staggering. But I suppose the £135-140m Sky money is such a step-up! |
Yes, they do. I think you're right, it moves them nearer to those coming in, but probably not equal to them. The numbers are indeed mind-boggling. | | | |
| McKenna's contract on 18:12 - May 31 with 1267 views | _clive_baker_ |
| McKenna's contract on 18:02 - May 31 by textbackup |
And I don’t mean this in a negative way at all, but when we start spending them fees I’m going to feel a little lost, and confused.
Absolutely not ready to see my club spending £10/£15/£20m on a player
(But of course it’s where we are now and long may it continue, and may we get thousands more fans, and grow and grow!) |
Yeah I know what you mean. Certainly something to be said for an away end of 800 people in league 1 watching a few yoofs and freebies cobbled together. Not that any of us want that for the club, but being 1 of the 20 clubs in the worlds biggest league brings a lot of change. Still, I think we’re some way off PR being swamped with tourists and day trippers. Just got to embrace all the change innit, as odd as it is having a manager on £100k a week and being linked with spending £20m+ on players. | | | |
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