“I’ve been working on this for around four months and have already got four big-name Premier League players in mind that we could get quickly. Govt faces wage bill problem as public servants snub early retirement packages. “There seems to be an ever-growing number of clubs which may vote against it, but I think a lot of those may look at it and, given the financial situation, see it as the best of a bad job. And the National Treasury is forecasting interest costs to rise by R25bn – partly due to the higher bond issuance that will be required to fund the larger deficits. ... Sunderland AFC The draw for the first round proper of the 2020… And Europe’s elite are not going to be banging on the Black Cats’ door to try and prise the injury-prone midfielder away. Payments directly linked to a Club’s progression in cup competitions or promotion are excluded from the Cap, while any income generated from players going out on loan is deducted from the Club’s Salary Cap calculation. TAMPA, Fla. (WFLA) -- Republican Florida Sen. Rick Scott introduced a new bill this week that would significantly change Florida election laws and potentially disenfranchise millions of voters, including Florida's military servicemembers. Other fees and expenses paid directly or indirectly to all registered players. JOHANNESBURG - Eyewitness News can reveal that of the 30,000 public servants who were expected to take up the offer of early retirement in the public service offer, only 4,600 employees have shown any interest. When you subscribe we will use the information you provide to send you these newsletters. Register (it’s quick and free) or sign in now. They have not been so high in the division since the days of Steve Bruce. With wages rightly not in the public domain there is an element of guesswork to the exact figures, but the broader picture is clear and it does not look pretty when viewed from a Wearside perspective. Reflecting on his meeting with Gibson, Warnock said: “Steve asked me for a true appraisal of everything and that’s what I did. They say you get what you pay for, but not when it comes to Sunderland. 25. It is not the player’s fault for taking what he was offered, but to be left as the one player on Premier League wages for the club in next season’s Championship will not be comfortable for him or for a club with debts of £110.4m to try to get down in straightened circumstances.

If approved, it would mean only 20 senior professionals at each club, with eight homegrown players - those produced from the club’s academy system - within that group. Sunderland's damning wage bill statistics show why next manager will have to shop smarter. Updated to match(es) played on 10 March 2020. Use of this site constitutes acceptance of our Terms & Conditions and Privacy Policy. Already, the cut in non-wage spending planned in June was likely to lead to a significant erosion in already weak service delivery. EWN has established that only 4,600 people applied for the early retirement package, but it’s possible that only a portion of those applicants might ultimately qualify for the deal. Looking at our squad size - it should very low right now. Please read our Comment Policy before commenting. Sunderland's wage bill currently eclipses the £2.5m threshold, but their superior revenue allows them to run sustainably with a far higher wage budget than their League One rivals. Just click on this link to our newsletter sign up form and select SAFC - all you have to do is enter your email address and you're all done. Even then, the total includes all staff, not just players, You're never going to do better than an educated guess. Work to cut the wage bill starts. An EFL statement confirmed 'discussions continue with Championship Clubs in respect to amendments to their own financial controls.'. Given the pressure on private sector wages through the pandemic, this step is exactly what is needed. The promoted teams, Coventry City, Rotherham and Wycombe Wanderers will no longer have a say on the League One proposals, instead the three relegated clubs from the Championship – Charlton, Wigan and Hull City – will. And if that were to occur, the reverse of a virtuous circle will happen rather quickly. Rodwell signed as a £10m Premier League player and while Europe’s elite can compete with the wages that come with that, many more cannot. This was in addition to the R160bn in cuts to the projected wage bill already announced in February 2020. ... 2020 in Sunderland, England. “He’s always supportive of his managers isn’t he. JavaScript is disabled. Oviedo and Cattermole alone are getting £20k plus a week for the upcoming season. But even in terms of English football’s top-flight, Sunderland have not got value for money. A Sunderland perspective on news, sport, what's on, lifestyle and more, from South Tyneside, East Durham and the north east's newspaper, the Sunderland Echo. At least this year, revenues could surprise on the upside thanks to higher profits from the mining sector. The MTBPS attempts to be realistic about the spending cuts that can be achieved while holding a tough line on wages. Picture: @thedpsa/Twitter, Department of Public Service and Administration, Over 200 corruption, tender fraud cases involving SAPS being probed, MPs told, Govt must declare police killings as treason, says Sapu, JUDITH FEBRUARY: Trump and the degradation of democracy : The lessons for SA, FFC warns of impact of proposed budget cuts to govt spending, Zondo shocked by former SAA board member Kwinana's testimony, WCED to consult DBE over allowing matrics with high temperatures to write exams, Retired Major Motau submits documents to ANC ‘exposing’ enemy within party, CoJ councillor Lincoln Machaba quits DA, calls party 'Freedom Front Minus', Ex-SAA board member Kwinana tells Zondo she didn't know she approved R1bn deal. “Obviously the three relegated Championship clubs all have their own internal issues at the moment financially, so we’ll have to see how they do this. Consider the trajectory too: in 2006, average public sector remuneration was just under three times per capita GDP, but this has now grown to 4.7 times. It shows how hard it will be for the Wearsiders to offload the players they do not want this summer, even if everyone but Jack Rodwell will have to take a 40 percent pay cut as a result of relegation. West Bromwich Albion and Crystal Palace are estimated to have paid less too. Don't think the £2.5m is a worry right now, just wondering how far we have got it down. The Wearsiders’ wages are reckoned to be on a par with Leicester City, then-reigning champions and Champions League quarter-finalists. 24. Higher growth rates will broaden the tax base and ease the debt ratios. They estimate the Black Cats paid its players £90m last season, a slight increase on the previous campaign. In the current fiscal year, about 60% of all taxes collected will go to pay public sector wages. Speculation has ran wild over the summer about a pending sale of the club, and there's plenty going on - and it can be hard to keep track of. By continuing to browse this website you are agreeing to our use of cookies ... Matthew Wilhelm solomon-27 Oct 2020. By continuing to browse this website you are agreeing to our use of cookies The figures show how out of kilter the Premier League’s finances are with the rest of world football, thanks to its multi-billion-pound television deals which are the envy of the world. 23. But if the tough line on wages collapses, it becomes impossible for SA to avoid the passive path outlined in Mboweni’s June supplementary budget. Wolves League position: 1st (Championship) Total wage bill: £51m. The better plan is to reprioritise spending in the budget to improve service delivery and increase the social wage. Yet it was also one of its most expensive. You can unsubscribe at any time. Government hoped to save R12 billion a year through this early retirement programme. Lee Burge makes a save against Shrewsbury Town, Sunderland goalkeeping coach Lee Butler (left) with Anthony Patterson. If Sunderland can help players like Luke O’Nien, Jordan Willis, Denver Hume, George Dobson, Lynden Gooch, Elliot Embleton, and Jack Diamond to … Hopefully, this could allow for lower issuance. 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