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The 100million cost of failure as managerial changes cause figures to skyrocket

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05 Oct 2011 06:42:50

The 100million cost of failure as managerial changes cause figures to skyrocket

Golden handshake: Carlo Ancelotti The sack race cost English clubs close to ?100 million in the last year. The astonishing figures were released by the League Managers' Association in a week when Keith Millen was ousted by Bristol City. Last season, ?99m was spent on severance pay, legal fees and 'double contracts', which is paying a manager on gardening leave while his successor sits in the dugout. Carlo Ancelotti is in this position, paid ?500,000 a month by Chelsea through the final year of his contract as Andre Villas-Boas gets on with the job. Chelsea paid ?13m to trigger Villas-Boas's escape clause from his Porto contract and will pay Ancelotti ?6m if he sits out the season without finding work. Theoverall cost to clubs is actually much higher because the LMA research does not extend to agent fees or the cost of replacing a manager's coaching staff. More than 100 coaches lost their jobs last season. LMA chief executive Richard Bevan said: 'When results take a downturn the club should support its manager even more, not jump for the quick fix.'  Premier League faces fresh TV rights battle after landmark court ruling favours pub landladyChampionship basement boys Bristol City part company with boss MillenSteve McClaren resigns as manager of Nottingham ForestAll the latest Chelsea news, features and opinion


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