£5m promotion bonus for Newcastle United squad revealed
Revealed on Wednesday morning that the Newcastle United squad will receive £5m in bonuses for achieving promotion.
The payments were agreed at the start of the season according to the Chronicle.
The cash will be paid out to both the playing staff and backroom staff..
As for how much each player gets, that will depend on how many of the 46 matches they were involved in.
They further report that these bonuses were agreed for automatic promotion from the Championship, so not sure what would happened if it had been a Wembley play-off win…
The Chronicle also state that the club’s administration staff will also be paid a separate bonus.
Whilst the sheer amount of money all players in the top divisions get, will be something some fans can never accept.
When it comes to the majority of supporters, getting performance linked pay is always something that will go down better, than the numerous players Newcastle United and every other club have – who pick up massive wages and don’t care whether they play or not.
***It is believed that all bonus payments will involve tax and national insurance going to HMRC…
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