The Daily Mail is reporting today that Mike Ashley would need to pay Alan Pardew his eight year deal in full, if the owner sacks him at the end of the season.
Alan Pardew – release clause in his contract
The Daily Mail report says that Mike didn’t put any release clause in Pardew’s contract, or specifically set a payoff amount if Pardew was fired.
But knowing that Mike Ashley is an astute businessman, there’s just no way he would have given Alan Pardew a contract like that.
And that’s especially true, since the Newcastle owner must still have memories of the millions he had to pay out when managers like Sam Allardyce and Kevin Keegan were fired.
Our guess is that the release agreement would be one year’s wages – and probably the same for his coaches John Carver, Steve Stone and Andy Woodman.
We think Alan Pardew is getting between £1M and £2M a year depending on how Newcastle perform each season, and there are a number of incentives in Alan’s contract.
If Alan Pardew was to be fired, it would probably cost Mike around £2M maximum, and maybe as much again (in total) for his three coaches.
So we don’t think Mike will keep Alan simply because of no release clause in his contract – and it may even depend on how Newcastle do in the last two games – and we could still screw it up big time, by say losing at QPR.
Alan Pardew seems to have lost the confidence of a contingent of Newcastle fans – but first things first – we need to avoid relegation and then the next decision is who the manager will be for next season.
Ashley and LLambias will receive a report from Alan Pardew on the season, and what went wrong and what went right – and why.
So it will probably take a week or two after the season ends, before a decision is made on the manager.
And then we’ll go into the summer transfer window – and there could be a lot of business done this summer by Newcastle – both coming and going – always assuming we stay in the Premier League.
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