KopTalk.com Forums Football Liverpool FC Forum How does Football Severance Packages work?

I heard on Talksport that KD refused to take his sevarance pay in an act to save the club money.

Somebody on here pointed out that there is mixeed stories regarding this fact.

What I want to know is how all of that severance stuff works.

I mean KK won't take another job. That's more than likely so in theory he would deserve his full payout as he won't work again in a management capacity.

But uncle Woy and Rafa took Millions out of L'pool and were both back in employment within 6 months.

Surely, they can't get all of their contracts paid up in full to then go and get another job?

That makes no sense!

1 thread, 2 thread doompady doo, I've got a perfect puzzle for you, 3 threads, 4 threads doompady dee, if you are wise you'll listen to me.

The remainder of their contract is paid in full and the first £30k is tax free.

That can't be right? Surely not?

That's just money for nothing. Surely something like, your first year is paid but if you get another paid job (on similar wages) then the remaining years are null and void!

We are mugs then cos what was the point of giving KD a three year contract. Why not just install him on a rolling 1 year deal if they had so little faith.

All these millionaires with fook allcommon sense!

Forget security for the manager! How about security for us fans cos spunking all that on manager's severance is ridiculous.

Thats the way it is Bohey not just for football managers but in business too. Many people have got £100k plus pay-off's and got a job the following monday. Its rife in the civil service and local govt

Wow... That is just ridiculous.

You'd have thought they would pay staggered oayments or thrash out some realistic deal.

I mean, what was the chances of Rafa not getting another job at some point? Very low!

Saying that, look at Alan Curbs. Maybe it ain't so bad after all!

were all doomed

Pay outs take into account future employment and basically surrounds potential loss of earnings. If you walk into further employment then you can be legally forced to pay it back unless a compromise was reached first. If you were entitled to say £8m you may agree a handshake of just £2m that frees you up to work elsewhere. You could argue for the full amount but be forced to hand some back when you find new employment. Usually you both just agree a percentage.