The figure arrived at by the LMA consists of the costs incurred in paying compensation to the sacked managers, legal fees and double contracts. A double contract means the sacked manager’s contract is honored for a particular time after he has been let go.
The LMA’s chief executive, Richard Bevan, said,
The report also goes on to suggest that Premier League managers last, on an average, just two years. Despite the presence of Sir Alex Ferguson, Arsene Wenger and David Moyes in the league, this is a worringly low figure and shows the lack of patience being exhibited by club owners. Results have taken priority over time given to build a squad. According to the report,
“As the squeeze on finances, from the global institution to the man in the street, continues, we hope 2012 will not see a repeat of the vast sums of money wasted from the game.”
“The figures are only slightly better for the other divisions, with League Two managers lasting, on average, for 1.33 years, League One enjoying 1.67 years and Premier League managers lasting 2.07 years.”
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