Save Our Dave Campaign: #SOD

[SalisburyBlue]

Pinched this off facebook :) (Apologies if already posted)

 

[morleyswife]

Another from tonights game on the stars website - there's a couple - tee hew

 

[Mancity1980]

This is going to be expensive for United. I reckon Moyes is on at least £4m a year (that's what Everton were paying him) maybe even £6m (that's what Fergie was on), so with 5 years left on his contract the payoff will be between £20m and £30m. Add to that the contract for the new manager, the budget needed to improve the team, the on-going debt interest payments, the loss of CL money. I'm all for the SOD campaign but it is lose-lose either way for the Scum.

 

[remember arthur mann]

This is going to be expensive for United. I reckon Moyes is on at least £4m a year (that's what Everton were paying him) maybe even £6m (that's what Fergie was on), so with 5 years left on his contract the payoff will be between £20m and £30m. Add to that the contract for the new manager, the budget needed to improve the team, the on-going debt interest payments, the loss of CL money. I'm all for the SOD campaign but it is lose-lose either way for the Scum.

They'll find the money from some dodgy corner, they always do !

 

[Maldeika]

This is going to be expensive for United. I reckon Moyes is on at least £4m a year (that's what Everton were paying him) maybe even £6m (that's what Fergie was on), so with 5 years left on his contract the payoff will be between £20m and £30m. Add to that the contract for the new manager, the budget needed to improve the team, the on-going debt interest payments, the loss of CL money. I'm all for the SOD campaign but it is lose-lose either way for the Scum.

They'll find the money from some dodgy corner, they always do !

There will be an official toilet-paper-sponsor - or an official sponsor for gummybears - or an official garden dwarf sponsor...

 

[Irwell]

This is going to be expensive for United. I reckon Moyes is on at least £4m a year (that's what Everton were paying him) maybe even £6m (that's what Fergie was on), so with 5 years left on his contract the payoff will be between £20m and £30m. Add to that the contract for the new manager, the budget needed to improve the team, the on-going debt interest payments, the loss of CL money. I'm all for the SOD campaign but it is lose-lose either way for the Scum.

Do you really think that the fact this all came out the day after Champions League qualification became impossible was just a coincidence? The press are talking about a £4.5m payoff, which probably amounts to around a year's worth of his salary excluding any performance-related elements. Almost all contracts of this nature include performance-related early termination and pay clauses.

 

[nmc]

I don't think he will have much of an argument on the performance related elements. He may have to forgo those.

 

[Jacks77]

Only 4.5m pay off? Hoped they have to pay him at least a good players price, like 15-25m for a 6 year contract...

 

[Helmet Cole]

I don't think he will have much of an argument on the performance related elements. He may have to forgo those.

Best away record in the league, Charity shield, CL quarter finals. Here serves more time # SOD

 

[Malty]

I want him to comment on his sacking.

 

[blueinmadrid]

We're lucky he lasted as long as he did. What joy he's given us this season.

Thanks for everything Dave. You were bloody brilliant mate :)

 

[roaminblue]

Howard Nurse ✔ @howardnurse
Follow
Wall Street trading as normal so no major #mufc announcement permitted during hours. NYSE closing bell 2100BST, resumes 1430BST on Tuesday.

He is the online football editor@BBC Sport.

Not sure on the nyse stuff in reference to when they can announce it.

NYSE requires management to notify them first before any major announcements, often this results in trading halts. I think he's suggesting since the MANU ticker is trading normally, the NYSE haven't been informed about any changes to united<br /><br />-- Mon Apr 21, 2014 11:46 pm --<br /><br />

Howard Nurse ✔ @howardnurse
Follow
Wall Street trading as normal so no major #mufc announcement permitted during hours. NYSE closing bell 2100BST, resumes 1430BST on Tuesday.

He is the online football editor@BBC Sport.

Not sure on the nyse stuff in reference to when they can announce it.

He is wrong on two points.

Firstly, announcements are allowed under NYSE rules as the market operates an Immediate Release Policy:

<a class="postlink" href="http://nysemanual.nyse.com/LCMTools/PlatformViewer.asp?selectednode=chp_1_3_2_6&manual=%2Flcm%2Fsections%2Flcm-sections%2F" onclick="window.open(this.href);return false;">http://nysemanual.nyse.com/LCMTools/Pla ... ections%2F</a>

A listed company is expected to release quickly to the public any news or information which might reasonably be expected to materially affect the market for its securities. This is one of the most important and fundamental purposes of the listing agreement which the company enters into with the Exchange.

A listed company should also act promptly to dispel unfounded rumors which result in unusual market activity or price variations.

Annual and quarterly earnings, dividend announcements, mergers, acquisitions, tender offers, stock splits, major management changes, and any substantive items of unusual or non-recurrent nature are examples of news items that should be handled on an immediate release basis.

The only difference between release during market hours and release outside market hours is that the company must give 10 minutes notice to NYSE during hours.

When the announcement of news of a material event or a statement dealing with a rumor which calls for immediate release is made shortly before the opening or during market hours (presently 9:30 A.M. to 5:00 P.M., New York time), the company must notify its Exchange representative by telephone at least ten minutes prior to release of the announcement

The second error, included in the quote above, is that whilst the market closes at 4pm (9pm UK time), market hours actually extend until 1 hour later due to after hours trading.

Didn't see this until after I posted. I thought the regulators had amended the rules making management inform NYSE first?

I believe your information comes from regular developments does it not? and exceptional developments affecting the structure of an organisation have to me released to NYSE first?

 

[sir baconface]

Ah well. It was good while it lasted. Best entertainment from Old Trafford for many a year.

Goodbye Dave, record breaker extraordinaire.

 

[andyhinch]

We're lucky he lasted as long as he did. What joy he's given us this season.

Thanks for everything Dave. You were bloody brilliant mate :)

Do we pay for an add in the M.E.N?

 

[Lucky Toma]

Despite his bloody brilliant comedy job at the swamp Moyes will be in high demand this summer for what he achieved at Everton.

So where do you think he'll end up?

If Ashley can find a way of getting rid of Pardew relatively cheaply I can see him going there.

Or maybe Swansea?

If Lerner sells up this summer making way for some new investment Villa might be a good shout too.

 

[Mancity1980]

This is going to be expensive for United. I reckon Moyes is on at least £4m a year (that's what Everton were paying him) maybe even £6m (that's what Fergie was on), so with 5 years left on his contract the payoff will be between £20m and £30m. Add to that the contract for the new manager, the budget needed to improve the team, the on-going debt interest payments, the loss of CL money. I'm all for the SOD campaign but it is lose-lose either way for the Scum.

Do you really think that the fact this all came out the day after Champions League qualification became impossible was just a coincidence? The press are talking about a £4.5m payoff, which probably amounts to around a year's worth of his salary excluding any performance-related elements. Almost all contracts of this nature include performance-related early termination and pay clauses.

If that is right then the board has pulled a fast one on Moyes and this 6 year contract was more a PR stunt then a commitment to the chosen one (sic!). I am surprised he left his comfortable £4m a year job for such conditions and if contracts of this nature include such pay clauses why are 6 years contracts so rare (I can only think of Pardew at Newcastle as another example).

 

[Bobbins]

This is going to be expensive for United. I reckon Moyes is on at least £4m a year (that's what Everton were paying him) maybe even £6m (that's what Fergie was on), so with 5 years left on his contract the payoff will be between £20m and £30m. Add to that the contract for the new manager, the budget needed to improve the team, the on-going debt interest payments, the loss of CL money. I'm all for the SOD campaign but it is lose-lose either way for the Scum.

I might be completely wrong on this but didn't Chelski just keep paying ABV's wages every month till he got a new job so they didn't have to pay his contract up there and then ??

 

[Irwell]

Didn't see this until after I posted. I thought the regulators had amended the rules making management inform NYSE first?

I believe your information comes from regular developments does it not? and exceptional developments affecting the structure of an organisation have to me released to NYSE first?

They do have to notify NYSE first, but the notification period is only 10 minutes to give them time to consider a trading halt. Unexpected managerial changes are classified such that they fall within the Immediate Release Policy:

Annual and quarterly earnings, dividend announcements, mergers, acquisitions, tender offers, stock splits, major management changes, and any substantive items of unusual or non-recurrent nature are examples of news items that should be handled on an immediate release basis.

When the announcement of news of a material event or a statement dealing with a rumor which calls for immediate release is made shortly before the opening or during market hours (presently 9:30 A.M. to 5:00 P.M., New York time) * , the company must notify its Exchange representative by telephone at least ten minutes prior to release of the announcement

Also requiring Immediate Release would be the requirement to dispel unfounded rumours, so it is probably fairly safe to assume that all this has legs:

A listed company should also act promptly to dispel unfounded rumors which result in unusual market activity or price variations.

The quotes are taken from the NYSE Listed Company Manual.

<a class="postlink" href="http://nysemanual.nyse.com/LCMTools/PlatformViewer.asp?selectednode=chp_1_3_2_6&manual=%2Flcm%2Fsections%2Flcm-sections%2F" onclick="window.open(this.href);return false;">http://nysemanual.nyse.com/LCMTools/Pla ... ections%2F</a>

 

[ifiwasarichfan]

As far as this campaign goes we have now reached the stage where Mario has knocked it through to Aguero and he has hit the side netting.

 

[Irwell]

If that is right then the board has pulled a fast one on Moyes and this 6 year contract was more a PR stunt then a commitment to the chosen one (sic!). I am surprised he left his comfortable £4m a year job for such conditions and if contracts of this nature include such pay clauses why are 6 years contracts so rare (I can only think of Pardew at Newcastle as another example).

Remember that it is a two way street. Often managers will give consideration to other things, for example if they do well they can negotiate a better contract, or if a bigger club comes along for them it won't cost as much to buy out the contract. There is also the fact that circumstances at clubs can change. Imagine if Mark Hughes had been on a 6 year contract with an early termination clause related to challenging for Europa League places at the time of the takeover, it would have cost us a fortune. Long term contracts aren't particularly good for anyone unless neither party has any ambition to improve, or both feel that the other is the best they can hope for.

Also, bear in mind that it is widely believed that Moyes got a signing on fee, meaning he has probably got around three years worth of very good wages for one year of not very good work.