Steve Cooper sacking: Finance expert suggests Leicester ‘termination’ fee
Leicester City are likely to have agreed a fixed compensation fee with former manager Steve Cooper when he joined the club over the summer.
That is the view of finance expert Stefan Borson, who exclusively told Football Insider it will have turned out to be an “expensive” deal for the club following Cooper’s recent departure.
Football Insider revealed on 24 November Leicester’s owners decided to sack Cooper after entering the dressing room in the wake of the 2-1 defeat to Chelsea a day earlier.
Senior executives spoke to the players shortly after the full-time whistle at the King Power Stadium to assess the mood of the changing room.
Cooper was just five months into his three-year contract when his departure was confirmed.
Ruud van Nistelrooy has since been appointed as the new Leicester manager after signing a deal until June 2027.
Leicester agreed ‘expensive’ deal after Steve Cooper sacking
Borson insisted the club won’t be paying Cooper until the end of his contract after a compensation fee had likely already been agreed.
He told Football Insider: “I think most of the managers now have generally fixed termination costs.
“Liquidated damages is what it’s sometimes drafted as, which is effectively ‘This is the compensation that would be paid, we are not going to pay you until the end of your contract’.
“If a manager has three years left, they are not going to pay him that.
“They have a fixed amount that they will pay in the event of termination.
“But if you get it wrong within the first six months, there is no question that’s an expensive deal.
“It’s clearly gone wrong.”
In other news, Leicester could face ‘fire sale’ after new blow.
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