Liverpool Football Club and John W. Henry have very deep pockets, so they can afford to give their sacked managers a really nice parachute, if the situation requires. In October of 2015, Brendan Rodgers was sacked by the Anfield outfit and replaced by Jurgen Klopp. Don’t cry for the Northern Irishman though as he got a very expensive parting gift, and later landed on his feet with Celtic.
According to public revelations from a report today, dismissing Brendan Rogers and his backroom stuff cost Liverpool £15.7 million.
And as unearthed by sport business expert Dave Phillips, these seven departures saw the Reds pay £15.7 million in redundancy fees.
Liverpool posted a loss of £19.8 million for the last financial year, with this sizeable payout going some length to explaining why this was the case. This is particularly apt given the club saw their overall revenue rise to over £300 million for the first time in its history.
Also canned along with Brendan Rodgers were assistant manager Sean O’Driscoll, first-team coach Gary McAllister, head of performance Glen Driscoll and head of opposition analysis Chris Davies. Earlier that season Colin Pascoe and Mike Marsh were terminated at the discretion of Brendan Rodgers.
Paul M. Banks runs The Sports Bank.net and TheBank.News, partnered with FOX Sports Engage Network. and News Now. Banks, a former writer for the Washington Times and NBC Chicago.com, contributes to Chicago Tribune.com, Bold, WGN CLTV and KOZN.
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