The non-playing Newcastle staff were offered a £500K bonus in May, if Newcastle could win their last game against West Brom and therefore finish 9th top of the Premier League.
Mike Ashley – will he pay out bonuses?
Since Newcastle were getting around £800K for each position they could climb in the Premier League, that seemed a good move by the owner ,Mike Ashley,
And of course, as we all know, when Newcastle went 3-0 up a minute or so into the second half, things looked good, only for Newcastle to concede three goals in the last 30 minutes of the season, and we finished up 12th in the table, and even below Sunderland.
And the Newcastle non-playing staff didn’t get their bonus.
Ashley has again shown charity with his Sports Direct employees, and the sports outlet business made a good £200M profit, and Mike is giving out a bonus of £90M, to be shared among the employees.
The employees will share awards possibly worth more than £40K, which is about twice the average annual salary at the company.
Sports Direct reported last week they had a 32% jump in profits for the last financial year, with a 6.6% jump in UK like-for-like sales.
The SD results were excellent, considering the very poor economy that exists at the moment.
So we wonder if Ashley will do the same thing at one of his other businesses – Newcastle United, if the club do well next season?
Now we’re talking about the non-playing staff at Newcastle – some of whom were laid off when the club was relegated two years ago – we’re not talking about the players, they already make quite enough money.
We’ll have to wait and see, but most fans would like to see more of that £35M we got for Andy Carroll, paid out in transfer fees, rather than saying it has gone to pay wages over the full contracts of the players who have been signed by the club this summer.
But on the positive side Newcastle’s financial state is improving all the time, and come February we would expect Newcastle to again be one of the top 20 richest football clubs in the world.
That’s when Deloitte issue their yearly report and it will be for last season, when Newcastle were again back in the money in the Premier League.