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Cole released but at what cost?

Cole released but at what cost?

On Friday Pompey released Andrew Cole from his contract, this is not a problem for me at all as I am more than happy with this in all honesty - the thing that does concern me though is at what cost was he released?

My thinking was it was mutually agreed by both parties to simply terminate his contract, basically tear up it and let everyone go their separate ways, but the talk in Saturday's Sun was that Pompey 'agreed to pay up the final 11 months of his £30,000 per week contract'.

Surely this cannot be the case!

If so, that will mean Pompey would have paid him more than £1.3m to leave the club, or if they simply carried on paying it weekly will pay that amount eventually.

Cole wants first team football, something Pompey could not offer him, so it was right for him to go but I find it very hard to believe that the club would have agreed to pay up the full amount of the remainder of his contract.

Rather than this Pompey would simply have made him available on a free transfer, but made him earn some of his money by playing in the reserves until he could secure a move away, rather than pay him a fortune to leave, would they not?

I did not give this much thought until my brother, who saw it in the Sun - which of course does not necessarily make it utterly so - brought it to my attention and it incensed me.

Yep, maybe he got some kind of 'golden handshake' but this cannot be true can it - why would Pompey want to pay him more than £1.3m to leave when they could have at worse let him go to another club for free, making him earn his money in some way until he went? It is not like he had been a loyal servant that was owed such a favour!

Terminate by 'mutual consent' in my thinking is an agreement by all concerned to end something, so Pompey would not have paid up his contract in full would they in this instance.


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Date:Sunday August 5 2007
Time: 10:50AM


if nothing comes out of club on this you know they paid his contract off.
05/08/2007 10:54:00
i would be utterly disgusted if the mercenary was paid off with more than £1m mate - what did he do to earn that? we didnt owe him jack did we so he should have played in the reserves to at least earn some of that money... penny pinching has cost this club so many players in the past so surely we could not have laxed this policy to the extent that we paid cole this much to go... it woudnt make sense, pay him to leave to enable him to maybe join another prem side to maybe score goals against us that might cost us points and more money?
05/08/2007 10:58:00
time will tell, the club will only be silent on it if they know it will upset the fans.
05/08/2007 11:03:00
i had not given it any thought until my bro brought it to my attention - but since then i have been pretty angry at the idea of paying the mercenary so much to go!
05/08/2007 11:11:00
that just wouldnt make sense! given the choice of keeping him at the club, and letting him go - where both cost the same to us, then there would be no way that we wouldlet him go. I was imagining maybe him paying US to leave the club on a free, not the other way round!!!
05/08/2007 11:31:00
Forget the mercenary, it just proves how motivated some of these prima donnas are, go to Forest and steal their money!! or Celtic.
05/08/2007 11:43:00
Put yourself in his position. Pompey would not have needed to pay him 11 months pay. If the deal had been, for example, we'll pay you 4 months to bugger of to another team I can't believe he wouldn't have accepted it. 11 months in the reserves or 4 months pay up front and find yourself somewhere else! I would be astounded if Pompey paid more than that. Surely we're smarter these days?
05/08/2007 12:14:00
u can terminate a contract by mutual consent for a fee... so they may have paid him off but i doubt they would have agreed £1.3 mil, more like a couple 100k at MOST! as both he and the club were getting into raptures they prolly paid him off to keep stuum. either that or he went for a free... he is 35!
05/08/2007 12:19:00
if the deal done, whatever it was, would please the fans the club would release details. most undisclosed deals on transfers etc are to save face for one party or another, no difference here.
05/08/2007 12:32:00
well, looking at it from the clubs point of view, they have to get some advantage for letting him go - which they wouldnt if he went for 1.3million. could it be possible that pompey would subsidise hs wages up to what he would get from us, at whatever club he does go to? (ie, if he went to leciester and would get 0.7 mill, then we pay him 0.6 mill?)
05/08/2007 12:44:00
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