Wonga Pulls Red Herrings Out Of The Tyne
Press releases claimed that Wonga money was paying for various elements of youth development and initiatives at the Academy. Do they think we’re stupid? Well I think we know the answer to that by now.
You’d have to be a very mad person to think that in negotiations NUFC and Wonga agree a deal for the sponsorship and then a different amount of money specifically for the kids.
It is patently obvious that the two parties agree a sum of money in return for whatever sponsorship and then the club spends it however it sees fit. It’s not like they’ve asked the Lottery Fund for a grant to build a playground and that’s what it has to be spent on because it is a one way gift with conditions.
Saying some of the money is for developing kids is just blatantly trying to deflect attention away from the nature of Wonga’s business.
Speaking of red herrings, the contracts for Alan Pardew and his coaches are all a bit bizarre and again in my book, trying to create an illusion with a bit smoke and mirrors.
Giving out 8 year contracts means exactly what? I really hope that the manager and his staff have been rewarded financially for the results they produced last season and I guess they were in the new contract.
However, the 8 years part of it is surely not what it appears to certain people. Yes there will be details of ‘eight years’ in the contract but….I would bet my bottom dollar that if say the manager was given the sack at the end of the season then he will not be entitled to a pay-off equalling seven years of his pay – which is what other fans I’ve spoken to assume.
We’ll never know the exact details but it won’t be like when Allardyce and Souness took the club to the cleaners when they were sacked for being useless, buying luxury holiday homes abroad with the proceeds of their contract compensation.
Alan Pardew will be entitled to compensation no doubt but I wouldn’t mind betting it will be measured in months.
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