As news come through on the Keegan win of £2M from Newcastle some startling news has been uncovered today.
Kevin Keegan – claimed over £26M – nice money if you can get it
And the main one is that the reports last week of a £25M claim from Kevin, were indeed accurate as news announced today that Kevin claimed £8,607,534 in what he said was due under his contract at St James’s Park.
However, he also sought what he called “stigma damages” amounting to a further £16.5m which was explained as follows:
“Represents the income which he would otherwise reasonably have expected to receive up to his 65th birthday”
So this begs the question as to why his lawyers last week denied outright they had claimed that amount from the club.
No wonder the potential sale of the club was held in abeyance until the award today because £25M would have completely crippled the club financially.
The document from the panel reveal Keegan was paid £3M a year after joining Newcastle for the second time in January, of last year.
Kevin believed he had full power over transfer deals but the club claimed he was told that director of football Dennis Wise and Tony Jimenez would be in charge of recruiting players.
Then on August 30 last year, the documents reveal how the relationship between Keegan and Wise finally broke down.
The statement said:
“Mr Wise telephoned Mr Keegan and told him that he had a great player for the Club to sign, namely Ignacio Gonzalez, and that he should look him up. “
“Mr Keegan tried to locate him on the internet but could find no reference to him. ” “Mr Wise told him that he had been on loan at Monaco but having checked out the details, Mr Keegan was unimpressed and told Mr Wise that he did not think the player was good enough.”
“Mr Wise then told him that the player was on “You Tube” and that Mr Keegan could look him up there but he found that the clips were of poor quality and provided no proper basis for signing a player to a Premier League Club. Moreover, no one at the Club had ever seen him play.”
“However, notwithstanding that he made it clear not only to Mr Wise but also to Mr Jimenez and to Mr Ashley that he very strongly objected to the signing of Mr Gonzalez (he was to be signed on loan with an option to purchase), the Club proceeded with the deal and the transfer was concluded the following day, on 31 August 2008.”
“The Club did so, according to its witnesses who gave evidence before us, because it was in the Club’s commercial interests to do so.” “It was what the Club described as a ‘commercial deal’ by which the Club meant a deal which was in the commercial interests of the Club.”
“The ‘commercial interests’, according to the Club, were that the signing of the player on loan would be a “favor” to two influential South American agents who would look favourably on the Club in the future. “
“The loan deal cost the Club nearly £1m in wages for a player who was not expected to play for the first team but no payment was made by the Club to the agents in respect of the deal.”
Kevin was proved right on that one as Ignacio played but twice in short substitute appearances, and that cost Newcastle £1M?
We’re glad this thing is over, but there are definitely a few surprises today – the main being that Kevin’s claim was for over £26M against the club.
We think this will increase the film rights for the Newcastle soap opera of the last year, and breaking news today that Steven Spielberg has said he’s interested the deal – don’t you believe it! 😀
£26M is good money if you can get it – and for 8 months of real work?
Again. we’re pleased this is now all behind the club, and we can all move forward.