Rolling Contract ?

Can somebody explain a rolling contract and how works?

With DJ does his 12 month contract start on July 1st and countdown throughout the year or is it constantly a year contract ?

If City wanted to release him would they have to compensate him the remainder of what is left in the year or a full year ?

Also if another club came in for him would City be entitled to compensation of how many months are left in the 12 months that started on July 1st or again would they get a full 12 months at anytime given time ?

Can somebody explain a rolling contract and how works?

With DJ does his 12 month contract start on July 1st and countdown throughout the year or is it constantly a year contract ?

If City wanted to release him would they have to compensate him a full year or the remainder of What is left in the year?

Also if another club came in for him would City be entitled to a year compensation or again only how many months are left in the 12 months that started on July 1st ?

Its the latter Carl.

At any point in time , the club either have to give him a year`s notice or pay him a year`s salary if they want to get rid of him.

Allegedly Ridsdale gave himself , with the assistance of a couple of other "tame" directors on the board , a similar type of contract .This was (again I had better say allegedly) what was produced by him that day when everyone was saying he was going to be forced out of the club - it made him too expensive to sack on the spot so he stayed on to everyone`s surprise.It will also have helped him negotiate his current "run off" consultancy agreement.

Keith

Can somebody explain a rolling contract and how works?

With DJ does his 12 month contract start on July 1st and countdown throughout the year or is it constantly a year contract ?

If City wanted to release him would they have to compensate him a full year or the remainder of What is left in the year?

Also if another club came in for him would City be entitled to a year compensation or again only how many months are left in the 12 months that started on July 1st ?

Its the latter Carl.

At any point in time , the club either have to give him a year`s notice or pay him a year`s salary if they want to get rid of him.

Allegedly Ridsdale gave himself , with the assistance of a couple of other "tame" directors on the board , a similar type of contract .This was (again I had better say allegedly) what was produced by him that day when everyone was saying he was going to be forced out of the club - it made him too expensive to sack on the spot so he stayed on to everyone`s surprise.It will also have helped him negotiate his current "run off" consultancy agreement.

Keith

Cheers Keith, I wasnt sure either, If he left to go to another Club, then we would get Compo yes ?

Can somebody explain a rolling contract and how works?

With DJ does his 12 month contract start on July 1st and countdown throughout the year or is it constantly a year contract ?

If City wanted to release him would they have to compensate him a full year or the remainder of What is left in the year?

Also if another club came in for him would City be entitled to a year compensation or again only how many months are left in the 12 months that started on July 1st ?

Its the latter Carl.

At any point in time , the club either have to give him a year`s notice or pay him a year`s salary if they want to get rid of him.

Allegedly Ridsdale gave himself , with the assistance of a couple of other "tame" directors on the board , a similar type of contract .This was (again I had better say allegedly) what was produced by him that day when everyone was saying he was going to be forced out of the club - it made him too expensive to sack on the spot so he stayed on to everyone`s surprise.It will also have helped him negotiate his current "run off" consultancy agreement.

Keith

Cheers Keith, I wasnt sure either, If he left to go to another Club, then we would get Compo yes ?

Yes , we would be entitled to compensation.

Cheers Keith, it looks to me like the contract is totally in DJ''s Favour, made by The Riddler ?

Can somebody explain a rolling contract and how works?

With DJ does his 12 month contract start on July 1st and countdown throughout the year or is it constantly a year contract ?

If City wanted to release him would they have to compensate him a full year or the remainder of What is left in the year?

Also if another club came in for him would City be entitled to a year compensation or again only how many months are left in the 12 months that started on July 1st ?

Its the latter Carl.

At any point in time , the club either have to give him a year`s notice or pay him a year`s salary if they want to get rid of him.

Allegedly Ridsdale gave himself , with the assistance of a couple of other "tame" directors on the board , a similar type of contract .This was (again I had better say allegedly) what was produced by him that day when everyone was saying he was going to be forced out of the club - it made him too expensive to sack on the spot so he stayed on to everyone`s surprise.It will also have helped him negotiate his current "run off" consultancy agreement.

Keith

Keith I have waited for you to publically say that about Ridsdale for 6 months because the day I said he was resigning, he was literally on his way and within 30 mins of his press conference he pulled out this service contract, correct ?

Can somebody explain a rolling contract and how works?

With DJ does his 12 month contract start on July 1st and countdown throughout the year or is it constantly a year contract ?

If City wanted to release him would they have to compensate him a full year or the remainder of What is left in the year?

Also if another club came in for him would City be entitled to a year compensation or again only how many months are left in the 12 months that started on July 1st ?

Sorry Since62, did you mean 'the former', not the latter? DJ is always on a 12 month contract every day of the year, it's a years salary to get rid or a years salary compensation. These were always seen as a strong commitment by the manager but nowadays it looks like the perfect deal for a manager.

the contracts would still have had to have been made legal by someone independent or it would be fraud

Thats exactly what happened Carl and its the only Exclusive we have ever got wrong, but the Snipers remind us of it every time

Cheers Keith, it looks to me like the contract is totally in DJ''s Favour, made by The Riddler ?

Well it was him that more than doubled his previous salary from the previous £350k a year as one of PR`s first acts on taking over from Sam ( I will have to continue using the word allegedly sorry ).Rolling contracts are not unusual for football managers , but combining it with such a huge increase in salary is.

On the very first day that PR took over , he also awarded himself that £500k share bonus through WH Sports (I wonder whatever happened to them ) and gave PMG all their charges over all the assets.

Keith

Can somebody explain a rolling contract and how works?

With DJ does his 12 month contract start on July 1st and countdown throughout the year or is it constantly a year contract ?

If City wanted to release him would they have to compensate him a full year or the remainder of What is left in the year?

Also if another club came in for him would City be entitled to a year compensation or again only how many months are left in the 12 months that started on July 1st ?

Sorry Since62, did you mean 'the former', not the latter? DJ is always on a 12 month contract every day of the year, it's a years salary to get rid or a years salary compensation. These were always seen as a strong commitment by the manager but nowadays it looks like the perfect deal for a manager.

No , I really did mean the latter.

There is no 1 July renewal date with a run down of the contract thereafter. The contract has a year to run at all times , hence the term "rolling".

the contracts would still have had to have been made legal by someone independent or it would be fraud

Peter Ridsdale has publicly stated that his salary and overall reward package was agreed by the non-executive director Keith Harris. That is the same Keith Harris whose firm was paid consultancy fees by Cardiff City (for no apparent benefit that I have seen) - the level of consultancy fees was set by a certain Mr Peter Ridsdale. No possible conflict of interests there then!!

Keith

Can somebody explain a rolling contract and how works?

With DJ does his 12 month contract start on July 1st and countdown throughout the year or is it constantly a year contract ?

If City wanted to release him would they have to compensate him a full year or the remainder of What is left in the year?

Also if another club came in for him would City be entitled to a year compensation or again only how many months are left in the 12 months that started on July 1st ?

Sorry Since62, did you mean 'the former', not the latter? DJ is always on a 12 month contract every day of the year, it's a years salary to get rid or a years salary compensation. These were always seen as a strong commitment by the manager but nowadays it looks like the perfect deal for a manager.

No , I really did mean the latter.

There is no 1 July renewal date with a run down of the contract thereafter. The contract has a year to run at all times , hence the term "rolling".

Sorry, I blame Carl he reversed his questions in the second two statements. It's latter to the first questions and former to the next two questions.

Sorry Since62, did you mean 'the former', not the latter? DJ is always on a 12 month contract every day of the year, it's a years salary to get rid or a years salary compensation. These were always seen as a strong commitment by the manager but nowadays it looks like the perfect deal for a manager.

No , I really did mean the latter.

There is no 1 July renewal date with a run down of the contract thereafter. The contract has a year to run at all times , hence the term "rolling".[/quote]

Sorry, I blame Carl he reversed his questions in the second two statements. It's latter to the first questions and former to the next two questions.[/quote]

Yes Wayne I did

Yes Wayne I did

Sorry Carl, I didn't mean to come across as a pedantic little shit, it obviously just comes naturally to me.

Just wanted to get it straight in my head as this 'Rolling Contract' crap has been annoying me for years with the club giving the impression that it showed DJ's commitment to the club. NO it means, he's always on a friggin' winner. Find a new job for more money or sit and take his massive wages. Although I do think he's doing a decent ish job.

Am I right in thinking Mark Hughes Fulham contract was worth 2million over three years and therefore LOWER than DJ's.

Yes Wayne I did

Sorry Carl, I didn't mean to come across as a pedantic little shit, it obviously just comes naturally to me.

Just wanted to get it straight in my head as this 'Rolling Contract' crap has been annoying me for years with the club giving the impression that it showed DJ's commitment to the club. NO it means, he's always on a friggin' winner. Find a new job for more money or sit and take his massive wages. Although I do think he's doing a decent ish job.

Am I right in thinking Mark Hughes Fulham contract was worth 2million over three years and therefore LOWER than DJ's.

No need to apologise Wayne, when Keith answered I look over my post and realised my mistake too, I am off to edit it right now.

*Original post edited to be worded correctly and the same answer by Keith still applies.

Am I right in thinking Mark Hughes Fulham contract was worth 2million over three years and therefore LOWER than DJ's.

Just found that it's 2 million A YEAR for Hughes, so DJ is still a steal.

so every july the club should give him 1 years notice just in case we want to get rid.

so every july the club should give him 1 years notice just in case we want to get rid.

THEY COULD GIVE HIM I YEARS NOTICE NOW.JUST IN CASE.

so every july the club should give him 1 years notice just in case we want to get rid.

Sorry, read the thread again. Sorry for losing patience but come on ffs.

Here's it in Peter and Jane terms for those struggling to keep up:

Peter is playing football in the garden. Peter asks Jane how long can he play football for. Janes tells Peter that he cane play football for one whole year.
The next day Peter is playing football and he asks Jane how long can he play football for. Jane tells him he can play football for a whole year.
The following week, Peter is playing football again. He asks Jane how long can he play football for. Jane tells him he can play football for a whole year.
Two weeks and two days later, Peter is again playing football. He asks Jane how long can he play football for. Jane tells him he can play football for a whole year.

Peter then says to Jane "Jane, why do you always tell me I can play football for a whole year? No matter when I ask, the time doesn't get any shorter"
And Jane replies "That's because it a rolling contract you stupid cnut. As soon as I decide you can't play football anymore you will still have a year left to play. No matter when I decide you can't play anymore, you will have at least a year left. If I decide at 3am in the morning on a raining Wednesday, you'll still have a f*cking year's notice. f**k this, I'm off to play with Pat the dog".

so every july the club should give him 1 years notice just in case we want to get rid.

As I understand it a rolling contract works both ways.

If DJ was dismissed he would get 12 months salary, but if he chose to leave he would have to pay 12 months salary (or the club that enticed him away).

If CCFC gave DJ 12 months notice in July, then it is true that with every month that passes the amount of compensation that the club had to pay for sacking DJ would be reduced. But it would also be true that should another club seek to poach DJ, the amount of compensation the other club had to pay would also be reduced.

I actually enjoyed reading This post, as I never really understood Dave Jones Contract, Cheers Carl and Keith

Thats exactly what happened Carl and its the only Exclusive we have ever got wrong, but the Snipers remind us of it every time

PR did resign and would have gone if the club paid the compensation. The club should not afford that and said they did not want him to resign. I dont think PR said to the board "do you want me to resign". PR knew the club would reject his resignation becuase of the cost. So as far as I am concerned this forum got it right.

Thats exactly what happened Carl and its the only Exclusive we have ever got wrong, but the Snipers remind us of it every time

PR did resign and would have gone if the club paid the compensation. The club should not afford that and said they did not want him to resign. I dont think PR said to the board "do you want me to resign". PR knew the club would reject his resignation becuase of the cost. So as far as I am concerned this forum got it right.

SPOT ON Ian

["since62"]["carlccfc"]Can somebody explain a rolling contract and how works?

With DJ does his 12 month contract start on July 1st and countdown throughout the year or is it constantly a year contract ?

If City wanted to release him would they have to compensate him a full year or the remainder of What is left in the year?

Also if another club came in for him would City be entitled to a year compensation or again only how many months are left in the 12 months that started on July 1st ?


Its the latter Carl.

At any point in time , the club either have to give him a year`s notice or pay him a year`s salary if they want to get rid of him.

Allegedly Ridsdale gave himself , with the assistance of a couple of other "tame" directors on the board , a similar type of contract .This was (again I had better say allegedly) what was produced by him that day when everyone was saying he was going to be forced out of the club - it made him too expensive to sack on the spot so he stayed on to everyone`s surprise.It will also have helped him negotiate his current "run off" consultancy agreement.

Keith[/quote]


if any of this is true keith then harris and flitcroft seem to have got away with bloody murder here.
seperate all powerful board within a board making decisions to suit their own pockets.mind you i was watching agatha christie last night so i might be exaggerating a bit

The only way we wouldn't get compo is if DJ resigned and didn't sign for another club in 12 months.

If he was sacked we'd have to pay him is year salary 800k? if he was signed by another club they would have to pay us 800k no matter what. This is what put Fulham off him i think

Its the latter Carl.

At any point in time , the club either have to give him a year`s notice or pay him a year`s salary if they want to get rid of him.

Allegedly Ridsdale gave himself , with the assistance of a couple of other "tame" directors on the board , a similar type of contract .This was (again I had better say allegedly) what was produced by him that day when everyone was saying he was going to be forced out of the club - it made him too expensive to sack on the spot so he stayed on to everyone`s surprise.It will also have helped him negotiate his current "run off" consultancy agreement.

Keith

You also have to wonder why Borley a director and Guy the major shareholder were not aware of Ridsdale's contract and implications of sacking him.

The running of our club was an absolute shambles and the more we learn the worse it gets.

["Tony Blue Williams"]["since62"]


Its the latter Carl.

At any point in time , the club either have to give him a year`s notice or pay him a year`s salary if they want to get rid of him.

Allegedly Ridsdale gave himself , with the assistance of a couple of other "tame" directors on the board , a similar type of contract .This was (again I had better say allegedly) what was produced by him that day when everyone was saying he was going to be forced out of the club - it made him too expensive to sack on the spot so he stayed on to everyone`s surprise.It will also have helped him negotiate his current "run off" consultancy agreement.

Keit]

You also have to wonder why Borley a director and Guy the major shareholder were not aware of Ridsdale's contract and implications of sacking him.

The running of our club was an absolute shambles and the more we learn the worse it gets.[/quote]


the whole club was stitched up by ridsdale, flitcroft and that tosser harris both brought in by the yorkshire tw*t to help him pull stunts behind other shareholders backs.
still cant get me head around the grief given to borley as a minority shareholder not employed or paid by the club in any capacity. pmg on the other hand as the majority shareholder at the time should have been taking closer looks at the books but then again all their credit was secured anyway.

You also have to wonder why Borley a director and Guy the major shareholder were not aware of Ridsdale's contract and implications of sacking him.

The running of our club was an absolute shambles and the more we learn the worse it gets.

Are we going to learn any more Tony?

Anyway however much they thing they can cover up stuff it will rise to the surface. Some stuff is already doing that and have to noticed how alot of people are starting to ask questions about the board during Ridsdale time.

I remember a certain individual standing up against Ridsdale and then turning to the board for their support only to get rebuked. This was followed by months of abuse from quite a few fans against this individual. With all that is being revealed I wonder if those adveraries of this individual will be so cocky now. I doubt it.