Record Losses....

[garyshawsknee]

I wonder if Ellis Short has been keeping an eye on this?

[Rigadon]

More great news. This really has been shit season.

[Tokyo Sexwhale]

Does anyone know what grounds O'Neill has for getting £12 million (if it's that - or even half of that).

Are we to conclude that Villa did something wrong?

[Rudy Can't Fail]

Are we to conclude that Villa did something wrong?

I think we all know the answer to that one.

[ozzjim]

What the fuck have we paid MON upwards of 6million for? The little fuckwit walked out on us. One could accuse him of being a thieving bastard if he did get that sort of payout after resigning his job. It also suggests Villa have a mightily shit CEO, and  a very, very poor legal team overseeing contracts.

[Legion]

£6m+!? I never thought it possible but I now hate that pube-headed poisonous dwarf even more.

[ozzjim]

I am being conservative. I reckon Houllier would have been 2-3million maybe - but MON rumours at the time were significantly more than 6 million, and this simply confirms that suspicion. We were taken to the cleaners by a bloke that walked out 5 days before the season. I might quit my job tomorrow and claim some cash. Only in football.

[Tokyo Sexwhale]

See, I know enough about commercial realities that if it was a technical point, or something slightly embarrassing, you might offer a gesture amount to settle, so you don't have to waste time on fighting the case, and to protect against the risk of losing.

So to settle at £6m or £12m, O'Neill must have had them by the balls, or it must have been some grievous breach of the law.

[Rudy Can't Fail]

What the fuck have we paid MON upwards of 6million for? The little fuckwit walked out on us. One could accuse him of being a thieving bastard if he did get that sort of payout after resigning his job. It also suggests Villa have a mightily shit CEO, and  a very, very poor legal team overseeing contracts.

My guess is lost earnings in the 12 months (a season) it took to reach an agreement plus a one year salary compensation for constructive dismissal, even though he resigned. At £3.5m a year, £7m in the bank for doing nowt other than dumping on Aston Villa is good money in anybody's book.

[garyshawsknee]

Is it bad news that comes in threes?? Bent out for the season,now this,whats tomorrow,contract extension for McCleish?

[Jon Crofts]

He'd be claiming constructive dismissal if he resigned, not unfair dismissal. 

[Rudy Can't Fail]

He'd be claiming constructive dismissal if he resigned, not unfair dismissal. 

Indeed.

[richardhubbard]

His departure was officially announced on the 1st June, so we are to assume all compensation was agreed by May 31st.
Not sure about Gary McAllister though.

Edit: Just checked, GM officially left on 18th June, so will only appear in next yearsaccounts.


No will not be allowed it is an after year end event

In all likelihood they made an accrual for it.....surely.......

[richardhubbard]

Seriously if this was a normal trading business, we would be in adminstration . If Lerner had to pump in 25 million we got serious issues

[bilsim]

And that's before next season when "nobody" is going to renew.