Hull City players hold talks with PFA over pay cut
Wed 12th May 2010 | Money & Finance
The Professional Footballers' Association have held emergency talks with Hull City players after they were asked to take a pay cut.
The offer was made by Hull's new head of football operations Adam Pearson, who wants to reduce their wage bill.
John Bramhall of the PFA told BBC Look North: "We are aware of the situation and have spoken to the players today.
"We are awaiting more information from the club [about finances] and will speak again to the players."
Earlier Pearson said: "We have talked to the players and they are going away to think about it. The players were given those contracts, they didn't ask for them."
Hull City have debts of £35m and have appointed an insolvency expert onto their board as they try to address their financial problems and avoid administration.
They have publicly stated that they needed to slash their wage bill if they were relegated from the Premier League.
The club have also met manager Phil Brown, who has been on gardening leave since March, when it is expected he will be given the offer of a severance package.
If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk
Don’t forget to subscribe to F.C. Business Magazine to keep up to date with the latest comment from the football world. Click here to subscribe
Google
Yahoo
Live
del.icio
DiggRelated Articles
Manchester City 'best value for money' for fans
Tue 22nd May 2012 | Money & Finance
Manchester City have won the Premier League title and are also top of the league of value for fans, according to the ING Direct Value table. The bank chart compares club season ticket costs with...
Manchester United remain world's most valuable football brand
Tue 22nd May 2012 | Money & Finance
Manchester United remain the world’s most valuable football brand with a value of €672.9 million (£543m), despite ending the 2011-12 campaign without a trophy. The Brand Finance...
Gold welcomes financial benefits
Mon 21st May 2012 | Money & Finance
David Gold admits West Ham would have been in big financial trouble had they failed to make an immediate return to the Premier League. Gold reckons that Ricardo Vaz Te's goal three minutes from time...
Liverpool Count Cost Of Stadium Ambitions
Thu 3rd May 2012 | Money & Finance
Liverpool’s latest accounts show the true extent of Hicks and Gillett’s troubled tenure with over £35m wasted on the failed Stanley Park project. In an interview on the club’s...
