Jurgen the German
Erik Thorstvedt
It's all about 'market rate'.... In any industry a company has to be aware of what it's competitors are paying and adjust their own remuneration packages accordingly to avoid their talented employees moving elsewhere.
Regarding building the new stadium.... This should not have an impact on the salaries that we can pay our players. I believe our chairman has been pretty clear that we look to operate paying 55% of our turnover in wages. Any money required to pay for the stadium should come from the remaining 45% of our income. Remember that once we are in the new stadium our revenue will go up considerably, which will enable us to pay off the finance taken out to build the stadium. We will also have a decent chunk of extra revenue from our CL qualification this year - I have no problem with that being lumped into the stadium as it is effectively 'bonus revenue' that cannot be counted on year on year, whereas our revenue from tickets, sponsorship and PL broadcasting is pretty much guaranteed.
Not to mention naming rights for the new stadium which should generate at least £100m