Owen's get out clause

[jaythesouthernmag 0]

Michael Owen has until Tuesday to activate the get-out clause in his contract, according to former Newcastle United chairman Freddy Shepherd.

 

The striker has a stipulation in his Magpies deal allowing him to leave, if an interested club offer £9.5million.

 

The clause was inserted into the contract signed by Owen upon his arrival from Real Madrid two years ago, but Shepherd says there is a deadline.

 

"Without it, I don't think we would have done the deal, but it is only valid until July 31," Shepherd told the Mail on Sunday.

 

"After that he would have to stay for another year, unless it was in the club's interest to let him go."

 

Owen has endured two injury-hit seasons at St James' Park and missed much of the last campaign with a knee problem suffered while playing for England at the World Cup.

 

Newcastle fought to receive compensation from the Football Association and Shepherd believes the battle was justified.

 

He added: "We needed a top-class replacement when Alan Shearer retired. Owen was the best around, so we set our stall out to get him.

 

"But we lost him before he kicked a ball for us last season.

 

"I took on the FA because I felt it was unfair that England could second a player and then not be responsible for paying his wages if he got injured."

 

FROM skysports.com

 

Cant see him going back on his word now, he would look a bit of a tit if he did

Edited July 29, 2007 by MattM4

[Bombadil 0]

Thanks for letting the whole world know, Fatso.

[skhwoody 0]

even after leaving the club, he shafts everything up as best as he can

[Smitheh 0]

So when he does want to leave next summer, we aren't obliged to sell him unless someone bids stupid money?

[jaythesouthernmag 0]

So when he does want to leave next summer, we aren't obliged to sell him unless someone bids stupid money?

 

It will be down to Sam or the board if we sell him before next season. I cant see anyone bidding for him now as he`s injured(surprise there), If he starts banging them in and some of the top 4 get injuries you never know what could happen in Jan

[MattM4 0]

Meh, this is just a betting scam probably

[Offshore Toon 0]

Shepherd really is a complete wanker.

 

He called us a "hobby" as well. Little prick.

[Dr Kenneth Noisewater 0]

That's it Sweaty, let the world know our business

 

Determined to keep his jowls in the spotlight tbh.

[ewerk 31601]

I'm sure all potential clubs are already aware that the clause expires at the end of July, no big deal really.

[Guest alex]

Is this the same clause you said never existed then Shepherd?

[Dr Kenneth Noisewater 0]

So when he does want to leave next summer, we aren't obliged to sell him unless someone bids stupid money?

No, the clause says that the get-out fee reduces by 25% of what we initially paid for him each summer.

 

Therefore, after the world cup he would have been available for £13.5 million (18m -25%) if anyone had wanted a player who was going to be rehabilitating for a year, this summer the fee is £9 million (18m -50%) and unfortunately next summer he'll be on the market for £4.5 million (18m -75%).

[ewerk 31601]

So when he does want to leave next summer, we aren't obliged to sell him unless someone bids stupid money?

No, the clause says that the get-out fee reduces by 25% of what we initially paid for him each summer.

 

Therefore, after the world cup he would have been available for £13.5 million (18m -25%) if anyone had wanted a player who was going to be rehabilitating for a year, this summer the fee is £9 million (18m -50%) and unfortunately next summer he'll be on the market for £4.5 million (18m -75%).

 

Is that not reliant on us not being in Europe?

[Jusoda Kid 1]

So when he does want to leave next summer, we aren't obliged to sell him unless someone bids stupid money?

No, the clause says that the get-out fee reduces by 25% of what we initially paid for him each summer.

 

Therefore, after the world cup he would have been available for £13.5 million (18m -25%) if anyone had wanted a player who was going to be rehabilitating for a year, this summer the fee is £9 million (18m -50%) and unfortunately next summer he'll be on the market for £4.5 million (18m -75%).

 

HP

[tinofbeans 91]

just shows what a bitter arsehole shepherd is.

 

gloryseeking (without planning for it!) twat

[Rob W 0]

Is this the same clause you said never existed then Shepherd?

 

 

exactly - the fat Shit swore blind there was no such clause

[Greg 6]

Is this the same clause you said never existed then Shepherd?

 

 

exactly - the fat Shit swore blind there was no such clause

 

He never said it didn't exist.

[Guest alex]

Is this the same clause you said never existed then Shepherd?

 

 

exactly - the fat Shit swore blind there was no such clause

 

He never said it didn't exist.

According to .com he did.

http://www.nufc.com/html/owen-signs.html

 

"The Liverpool Echo claimed the contract has a £12m buyout clause after one season, while Radio 5Live claimed that Newcastle will foot the bill for helicopter rides to and from Chester to training!

 

However, this one-year get-out clause has been categorically denied by Freddy Shepherd."

[ewerk 31601]

He said he couldn't leave in a year's time, he never denied the existence of a clause that would allow him to leave at some stage.

[Guest alex]

Well he certainly inferred its non-existence. Which isn't quite the same I concede. Lying cunt in any case.

[Shearergol 0]

So when he does want to leave next summer, we aren't obliged to sell him unless someone bids stupid money?

No, the clause says that the get-out fee reduces by 25% of what we initially paid for him each summer.

 

Therefore, after the world cup he would have been available for £13.5 million (18m -25%) if anyone had wanted a player who was going to be rehabilitating for a year, this summer the fee is £9 million (18m -50%) and unfortunately next summer he'll be on the market for £4.5 million (18m -75%).

 

Where did you get that info from? Sounds a load of bollocks.