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Zenit sign Bart Simpson

The Toe Poke 13 hours ago
Read
 Posted by ESPN Staff
Feb 10, 2009

Sacking Scolari could cost Chelsea £15m

Luiz Felipe Scolari could collect as much as £15m in compensation after being sacked as Chelsea coach.

Listen to the Pod's view on Luiz Felipe Scolari's sacking

The Premier League club terminated his three-year contract, worth an estimated £6m per annum to the Brazilian, after he had spent just seven months in the Stamford Bridge hot-seat.

It could take the total spent on getting rid of the last three managers to around £40m, following the departures of Jose Mourinho in September, 2007 and Avram Grant last summer.

Grant was fired to make way for Scolari just five months after putting pen to paper on a new four-year deal.

The club's chief executive, Peter Kenyon, is due to reveal the club's accounts for the year ended July 2008 at the end of this week.

They are expected to show a loss with much of it likely to be explained away by the massive pay-offs to Grant and Mourinho.

Kenyon continues to insist the club will become 'operationally independent' of owner Roman Abramovich by 2010.

But that plan may now have taken a huge setback because of the decision to offload Scolari.

Chelsea recorded a loss of £75.8m in the accounts to the end of June 2007 and although that was significantly better than the £140m loss recorded two years earlier, their continual handouts to unwanted managers threatens to undermine their plan to run a cost-effective ship.

The club's owner is reported to have seen his wealth hit by the global financial crisis but he steadfastly refuses any notion that he is looking to sell the club.

His commitment to Chelsea is expected to be underlined again in the new accounts and if comments attributed to Scolari's spokesman are correct, then it would appear the Russian was solely behind the coach's removal.

That would seem to negate any argument over his commitment but the proof of the pudding will come when Scolari's replacement arrives and the task of rebuilding an ageing team begins this summer.

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