Some bad news being reported today is that Kevin Keegan was told yesterday that if Michal Owen wants to stay at Newcastle, beyond next season, he will have to take a fairly substantial wage cut.
Michael Owen – will he have to take wage cut?
The good news is that this piece of news is being reported in one single paper this morning, known to be 100% on the mark for news related to the Newcastle United Football Club – The Daily Mail. 😀
Phew, we were getting a little worried there.
Michael is on around Â£110K a week, which is around Â£5.5M per year and the Mail suggests that wage will be cut by around Â£2M. That’s an awfully high wage cut of close to 36%.
It’s hard to lend any credence to this story, but it’s an obvious story for some paper, like the Mail, to put out.
Newcastle’s wage bill is too high right now, and it’s said to be about 80% of costs, and needs to get down to around 60% of costs, which is where other Premier League clubs are at. So Newcastle will be looking to reduce the wage bill by around 25%.
What should help with that is to get rid of marginal players like Carr, Ameobi, Rozehnal and the like on high wages, and that should help us a lot.
It’s dangerous to reduce the wages of our best players however, and since Kevin came, Michael has shown what he can do at the club – and is also the captain.
He is also good for Newcastle, not only for his playing capabilities, but he is a name known throughout the world, and will help to put Newcastle on the world football map.
He will also help the club to attract new players, and we need all we can get right now in that department – since we cannot even offer European Football next season.
Yes, it’s true Michael has been injured a lot and probably hasn’t been worth his wages over the last 3 years because of those injuries.
But he is now a crucial player for both Newcastle United and Kevin Keegan, and if we cannot sign him to a new deal at the club, that will put up too many red flags.
We think Newcastle will sign him to a new deal fairly quickly.
What do you think?