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Old 21-03-07, 05:59 PM   #1
lfc4ever
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Newell The Bung Receiver!!

http://www.express.co.uk/posts/view/2461

NEWELL IS BRANDED A 'HYPOCRITE'

Mike Newell had blasted agents for taking money

Wednesday March 21,2007
By Tony Paskin

MIKE NEWELL was last night branded *“hypocritical” by furious Luton fans after it emerged he profited personally from transfer deals.

The ex-Hatters boss – who has earned a reputation as a moral crusader after outspoken attacks on agents – banked £860,000 due to a clause in his contract *granting him 10 per cent of all transfer fees received.

Newell’s windfall stemmed from the departures of key players such as Rowan Vine, Steven Howard, Carlos Edwards, Kevin Nicholls and Curtis Davies, sales which helped raise £8.6million since 2005.

Luton have refused to make public the details of Newell’s lucrative £400,000-a-year contract since sacking him last Thursday.

But figures published on the club’s website yesterday *confirmed that a total of £1.85m had been paid to “players, agents and football management” – including Newell.

The former Everton striker had been hugely popular with Town fans following his condemnation of corruption in football and his outbursts at the club’s board.

Just over 24 hours before he was fired, Newell questioned why he had not been handed more funds to spend in the transfer market and claimed that Luton’s finances should be investigated.

Supporters protested against chairman Bill Tomlins during and after last Saturday’s home defeat to Ipswich and director Martin King resigned in protest at the way Newell had been treated, but that goodwill now seems certain to evaporate.

Supporters’ club chairman Mark Chapman said: “Mike Newell likes to portray himself as whiter than white, but there’s no way that he is.

“The fans will see it as hypocritical and they won’t like the fact that he’s been taking money out of the club.

“But the board has to be held responsible as well. They were the ones who gave him the contract.

“There’s a total lack of trust between the club and the fans at the moment and revelations like this will not help at all.”
Luton chief executive John Mitchell believes the club’s *decision to publicise details of their finances will placate fans who have pinned the blame for Town’s decline on the board.

He said: “It’s important we put this information out if we want to have a proper discussion about it. Before the fans start accusing us of certain things they need to see the facts. Do the supporters want the club to rely on the promises of rich people who can’t deliver, or do they want the club to stabilise?

“This club was 24 hours from going to the wall before the *present board took over. We want supporters to realise the situation the club is in.”

The revelations that Newell profited from player sales will be hugely embarrassing for the 42-year-old, widely applauded for his tough stance on bungs and agents allegedly siphoning money away from the game.

A club *insider said: “He used to call all the young players and warn them that if they had an agent, he would not offer them a new deal. He said all they wanted to do was take money away from the *players. It’s double standards.”

Luton have intensified their search for a full-time replacement for Newell, with former playing hero Mick Harford a *target.

Former Leeds boss Kevin Blackwell, who lives in Bedfordshire, and Charlton *assistant chief Phil Parkinson are also in the running.


http://www.buzzle.com/articles/131451.html

Luton Turn Up the Heat on Sacked Newell Over Alleged Cash From Transfer Deals

Soccer: Luton claim ex-manager Mike Newell received over £500,000 from transfers during his time in charge.

Mike Newell was last night accused of hypocrisy after Luton Town claimed he received more than £500,000 from transfer deals during his time in charge. The claim comes little more than a year after Newell claimed corruption was rife in football, his criticism of agents prompting a Football Association investigation into transfer deals. "Millions of pounds have gone out of the game that will not be seen again," said Newell in January of last year.

Newell is currently in dispute with Luton after he was dismissed for alleged gross misconduct last week. His tenure at Kenilworth Road came to an end following a fifth successive league defeat when he attacked the Luton board for the handling of the club's finances. He has since indicated that he plans to contest Luton's decision to terminate his contract. "I am going to fight the dismissal for gross misconduct and I may have one or two other surprises for the board as well."

Luton, responding to supporters concerns about the club's finances, published figures on their official website yesterday which indicated that £1.852m had been paid to "players, agents and football management" since they came out of receivership in May 2004. According to the club Newell had a clause in his contract that ensured he took 10% of any transfer fees received, enabling him to directly profit from player sales.

The club's accounts indicated £8.6m had been generated in transfer fees through selling Curtis Davies, Steve Howard, Kevin Nicholls, Carlos Edwards and Rowan Vine - with £2.525m outstanding. Those figures suggest Newell is due £860,000, although the club claims, to date, he has been paid around £500,000. Whether he receives the remainder will depend on the outcome of the legal battle likely to unfold following his dismissal.

Newell has not breached any regulations by having the 10% clause in his contract but the notion that he was making money from transfers, having criticised agents for doing the same, sits uncomfortably. He had also asked "Where's the £9m gone?" following the defeat against Hull City eight days ago. That comment fuelled unrest among Luton fans but their anger no longer appears to be directed solely at the club's board.

"Mike Newell likes to portray himself as whiter than white, but there's no way that he is," said Mark Chapman, the supporters' club chairman. "The fans will see it as hypocritical and they won't like the fact that he's been taking money out of the club. But the board has to be held responsible as well. They were the ones who gave him the contract in the first place."

Newell targeted agents when he sought to expose illicit payments being made in football. His comments 14 months ago included: "A lot of people involved with the agents and doing the deals are taking back-handers. The FA must play a much bigger role than they are doing. I've seen the money agents make at Championship level and I can only imagine what they make at the top level" Those remarks, together with yesterday's revelations, prompted Barry Silkman, a football agent, to criticise Newell. "The man's saying he doesn't want agents to have anything," said Silkman.

"Nine out of 10 players that came [to Luton] were not discovered by him but, if they are sold for more money, he's taking the money. That's fine but don't begrudge anyone else earning money as well. There is no harm with the agreement but it is completely hypocritical."

Agreements similar to the one Newell negotiated at Luton are believed to be unusual. "I have only ever heard of it happening at one other club," said Silkman.

It is not clear whether Newell requested the clause be inserted into his contract, though it is believed he was the first manager in Luton's history to take such a sizeable cut from selling players. Newell, who does not have an agent, could not be contacted last night.
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Old 21-03-07, 06:01 PM   #2
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Yeah I read a snippet about this in the Beeb Gossip column. I don't really like him so I find all this hilarious
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Old 21-03-07, 06:01 PM   #3
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Well, he's an ex Everton player isn't it.
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Old 21-03-07, 06:04 PM   #4
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He can't be very bright.
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Old 21-03-07, 06:56 PM   #5
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Well, he's an ex Everton player isn't it.

But he's a red at heart. But that's besides the point.
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Old 21-03-07, 06:58 PM   #6
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Originally Posted by Cacodemon View Post
He can't be very bright.
In fact, i think he is extremely bright. Which manager would successfully get a club to agree to a clause that allows him to profit directly from players that are sold?

Top negotiator! What nitwits the Luton boardmembers are.
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Old 21-03-07, 07:01 PM   #7
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Originally Posted by Meursault View Post
In fact, i think he is extremely bright. Which manager would successfully get a club to agree to a clause that allows him to profit directly from players that are sold?

Top negotiator! What nitwits the Luton boardmembers are.

Yeah, he's done the hard work - then blown his credibility by bitching to the press about agents

The guy is a numpty*!!


*a rich one
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Old 21-03-07, 07:09 PM   #8
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Originally Posted by Cacodemon View Post
Yeah, he's done the hard work - then blown his credibility by bitching to the press about agents

The guy is a numpty*!!


*a rich one

Maybe in his heart, he really thinks he's entitled to a cut from players he sells, just like a salesman.
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Old 22-03-07, 01:08 AM   #9
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Quote:
Originally Posted by Meursault View Post
In fact, i think he is extremely bright. Which manager would successfully get a club to agree to a clause that allows him to profit directly from players that are sold?

Top negotiator! What nitwits the Luton boardmembers are.
indeed it was a shitty thing to do but the board are stupid enough to agree to it
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Old 22-03-07, 04:07 PM   #10
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Apparently a lot of managers are on the same sort of deal
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Old 22-03-07, 04:22 PM   #11
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Apparently a lot of managers are on the same sort of deal
Maybe houiller was on a reverse? he got 10% of any transfer money spent, that could explain diao!
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Old 22-03-07, 05:32 PM   #12
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It's not a "bung" is it?

People should be very careful what they type

A bung is an illegal payment whereas these payments were part of Newell's contract with the club.
Nothing wrong with that except it's a case of rank stupidity by the club.
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Old 22-03-07, 05:55 PM   #13
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Originally Posted by Red Chilli View Post
It's not a "bung" is it?

People should be very careful what they type

A bung is an illegal payment whereas these payments were part of Newell's contract with the club.
Nothing wrong with that except it's a case of rank stupidity by the club.
True, but the similarities (and therefore possible conflicts) are plain to see.
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Old 22-03-07, 06:20 PM   #14
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True, but the similarities (and therefore possible conflicts) are plain to see.
Legally speaking isn't it a bit dangerous to have headlines like that on a public forum?

Newell would potentially be entitled to sue.
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