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Finance Notes: EPL Side Newcastle Could Pay Price For Refusing To Cut Wages

EPL side Newcastle does not have "clauses in player contracts to cut their wage bill automatically if they drop into the Championship." Although it is "unclear how many do not have the clauses, it is thought none of the top earners will be forced to take a wage cut." A number of Newcastle players, who would guarantee Premier League survival if they beat West Ham at St. James' Park on Sunday, "have already indicated they want to move on in the summer." Moussa Sissoko, Papiss Cissé and Cheick Tiote’s agents "are all looking for new clubs." There reportedly are "serious doubts about whether goalkeeper Tim Krul and right-back Daryl Janmaat will still be at the club next season" (London TELEGRAPH, 5/18). ... Serie A side Parma announced that "no offers have been received to buy the bankrupt side after a third auction was completed." The club, which has been relegated from Serie A and declared bankrupt, "has failed to attract any bidders to meet the asking price" of €11.25M ($12.5M) (FOOTBALL ITALIA, 5/18).

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