Football finance expert Kieran Maguire estimates that it has cost West Ham around £5m to change managers.
Speaking on his Price of Football Podcast earlier this week Maguire quoted the figure in respond to a question from a West Ham supporter.
Julen Lopetegui signed a two-year contract at West Ham last summer which gave the club an option to extend it by 12 months. A severance clause with his contract entitled Lopetegui to one year’s salary, which was reported to worth £3.3m before bonuses. Another £1m in compensation is estimated to have been to his backroom staff of Pablo Sanz, head of performance Oscar Caro, head analyst Juan Vicente Peinado, fitness coach Borja de Alba and technical coach Edu Rubio.
The appointment of Graham Potter and Kyle Macaulay probably accounts for the remainder of Maguire’s estimate. Agents would have been involved in the signing of Potter where six figure sums would be due and West Ham recently agreed compensation with Chelsea to acquire the services of Kyle Macaulay who is reported to have earned £624,000 per year at Chelsea with three years remaining on his contract.
Compared to the money lost on crap players £5 mil is nothing
In short – Sully would’ve saved 4.4million by letting Tim do his job. SULLIVAN OUT
All the more reason not to appoint no hopers in the first place. Nobody but nobody said Julen Lopetegui what a top appointment.
Sullivan should pay out of his own pocket for employing the hapless Lopsy in the first place !
Small change in the grand scheme of things
The words “FALSE ECONOMY” scream every time Sullivan sticks to ‘his rule’ of not paying compensation for THE MOST IMPORTANT ROLE IN THE CLUB.
Sullivan is a cheap, classless man who somehow cobbled together money in a dodgy industry. He’s incapable of change and is surrounded by neutered toadies to stoke his ego…. magnified little man disease if you will.
He should pay more attention to the hundreds of millions his club have wastefully spunked on poor purchases in the transfer market. If he climbed down off his ego and did the correct and logical thing that every other top club does and get the best man for the job, then he probably wouldn’t be wasting the club’s money on inappropriate players in the first place.
The fella’s a minted moron and the club won’t ever move on with him in charge.
Money well spent for a change.