Another look at Keiran Prior

[54andcounting 0]

McCoist was paid £175K in the 3 months to August 2012, which annualised is £700K, so not too ridiculous to suggest he's now on £750K.

 

Phew! I was sweating there...it's only 700k a year? I don't believe that one minute, where's the proof then?

 

There's no way anyone knows the guys salary the figures posted up here are old wifey talk £700,000 is just daft

[UCF2008 0]

Phew! I was sweating there...it's only 700k a year? I don't believe that one minute, where's the proof then?

 

There's no way anyone knows the guys salary the figures posted up here are old wifey talk £700,000 is just daft

 

Exactly. We don't know what Ally or any of the coaching staff or players are currently on. All we have is the word of a lying, shit stirring former (as in sacked) employee of the club to go by.

 

What I would point out is that up until August last year we were still an SPL club. We don't know what was and wasn't negotiated in contracts once we were forced to start from the bottom. If contracts were kept as they were for staff who TUPE'd across and Ally was then handed a player budget which was completely overkill for the level we were playing, then I know who I blame and it's not Ally.

[Frankie 8,843]

Phew! I was sweating there...it's only 700k a year? I don't believe that one minute, where's the proof then?

 

There's no way anyone knows the guys salary the figures posted up here are old wifey talk £700,000 is just daft

 

Those figures are from the IPO prospectus. The manager earns £700K per year - not including bonuses or any share dividends.

 

It's in black and white - page 86 and 87 if you want to look for yourself.

 

Under an employment agreement dated 28 December 2010 (but effective as at 8 January

2007) and which transferred to RFCL pursuant to the APA, further details of which are

summarised in paragraph 12.1.1 of Part XIII of this document RFCL employs Alistair

McCoist as the First Team Manager of the Club with a salary commensurate with his

experience and the payment received by people similarly employed in the football industry,

plus all business expenses reasonably and properly incurred. In addition, Mr McCoist is

entitled to bonus payments should the following events occur:

 

(i) the Club wins the SPL and an additional bonus if this leads to automatic qualification

to the Champions League Group;

(ii) the Club wins the Scottish Domestic Treble;

(iii) the Club qualifies for the Group Stage of the Champions League through the

qualifying route;

(iv) on qualification as one of the last of the 16 teams in the Champions League, such bonuses

as are payable by the Company to the players plus an additional 25 per cent.; and

(v) on receipt of prize money in respect of the European Competition (other than the

Champions League), such bonuses as payable to the players.

 

The agreement is terminable by RFCL for cause or on 12 months’ notice and by Mr McCoist

on 12 months’ notice.

 

RFCL has the right, at any time after any notice of termination to suspend Mr McCoist’s

duties or require him to only perform specific tasks or duties. During this period RFCL must

continue to pay Mr McCoist’s basic salary.

 

The agreement does not contain any restrictions on Mr McCoist following termination of the

agreement. However, Mr McCoist is restricted during the course of his employment from,

without consent, being employed, engaged, concerned or interested in any business,

prospective business or undertaking other than a member of the RFCL Group (other than

being holding shares of loan capital of over 2 per cent. unless such holding is in an company

in direct competition to the RFCL Group, in which case written consent of RFCL is required

prior to the acquisition or variation of such holding).

 

[Frankie 8,843]

Exactly. We don't know what Ally or any of the coaching staff or players are currently on. All we have is the word of a lying, shit stirring former (as in sacked) employee of the club to go by.

 

What I would point out is that up until August last year we were still an SPL club. We don't know what was and wasn't negotiated in contracts once we were forced to start from the bottom. If contracts were kept as they were for staff who TUPE'd across and Ally was then handed a player budget which was completely overkill for the level we were playing, then I know who I blame and it's not Ally.

 

We do know Ally's contract details. It's all in the IPO prospectus.

[ascender 352]

With friends like these etc.....

[reaper 0]

Apart from McCoist's £700k, ID is said to be on £400k KM on £250k and the kit man on £175k, shameful and the economics of the mad house.

[Bluedell 5,907]

Phew! I was sweating there...it's only 700k a year? I don't believe that one minute, where's the proof then?

 

There's no way anyone knows the guys salary the figures posted up here are old wifey talk £700,000 is just daft

 

And page 87 of the Prospectus states:

 

In the period ended 31 August 2012, the amount of remuneration paid (including any contingent or deferred compensation) and benefits in kind granted to each of the Directors and Key Employees by the RFCL Group for services in all capacities to the RFCL Group were as follows:

 

Base salary and fees, Bonus, Benefits in kind, Pensions, Total

 

£’000 £’000 £’000 £’000 £’000

 

Ally McCoist 175, N/A, N/A, N/A, 175

[Darthter 542]

In the period ended 31 August 2012, /QUOTE]

 

When did the Period start???

[Bluedell 5,907]

When did the Period start???

 

Page 6 of the Prospectus shows an income statement "For the 3 month period from incorporation to 31 August 2012"

[Dragonfly Trumpeter 50]

Agree completely dB...there is absolutely NO WAY Ally is taking £750,000 a year out the club, it's ridiculous - where does this rubbish come from?

 

Don't forget to add on company nic. Makes him a tad more expensive.