Currency Converter

Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).

From:
To:
 

SBD Global/March 5, 2014/Franchises

Cardiff City Owner Vincent Tan To Be Quizzed By EPL Over Player Bonus Promise

Vincent Tan reportedly offered his players a relegation avoidance bonus.
EPL side Cardiff City Owner Vincent Tan "could face questions from the Premier League" after reports emerged that he offered the players an additional £3.7M ($6.1M) financial bonus "should they avoid relegation this season," according to Jack de Menezes of the London INDEPENDENT. Premier League regulations state that any performance-based bonuses such as a relegation avoidance payment "must be officially lodged before the start of the season, with personal benefits needing to be written into a player’s contract." A Premier League ruling states, “Full details of a player's remuneration including all benefits to which he is entitled whether in cash or in kind shall be set out in his contract. The terms of a contract between a club and a player shall be strictly adhered to” (INDEPENDENT, 3/4). REUTERS' Alan Baldwin reported newspapers quoted a Tan spokesperson as saying that the offer "had been a mistake." The spokesperson said, "We didn't realize it was against regulations. Vincent Tan has now rescinded the offer" (REUTERS, 3/3).
Return to top

Related Topics:

Franchises, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug