compensation agreed upon by Newcastle and England
According to the Evening
Chronicle, Newcastle has agreed upon a compensation for the Michael Owen injury.
As published by the Evening Chronicle, Newcastle will
receive £10 million for Michael Owen's injury, which kept him on
the sideline for more than 10 months. The 27-year old striker
suffered knee ligament damage while on England duty in the game
against Sweden from the World Cup, last year. Following the knee
injury, Owen was sidelined until May 1st.
According to the Evening Chronicle,
Newcastle sources told them "We have finally reached a comprise
with FIFA and the FA regarding Michael Owen, and when you take
into account the fact that his wages have been paid in full for
two years and the compensation we have received, it'll amount to
Freddy Shepherd, the chairman of
Newcastle, has been talking to FIFA and FA for months, trying to
get a reasonable settlement for Owen's lost of play-time, as
the Football Association's insurance policy would not fully
reimburse Newcastle United for Owen's salary of over £100,000 a
week, or the costs of employing another player to cover for him.
Michael Owen has been with Newcastle
since August of 2005, when he signed a four-year contract with
Toon for £17 million. In May this year a report in The Times
newspaper suggested Owen could be available for less than £10
million, which was vigorously denied by Freddy Shepherd. The
existence of the release clause in Owen's contract was later
confirmed and the club would be powerless to prevent Michael
Owen from leaving the Magpies.
Published on 06/25/2007