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Report: Some Sheffield United players set for huge pay cut following relegation

Relegation means that some Sheffield United players could see their wages cut by half next season.

That’s according to Sky Sports, who report that some of the Blades squad have clauses written into their contract stating this.

Going down to the Championship means they have to take a whopping 50 percent pay cut.

Just as there were large bonuses for United’s stars following their promotion to the Premier League in 2019, i’s now working the opposite way.

Which is unsurprising considering the financial hit the South Yorkshire club are going to take by dropping out of the top flight.

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The end of their two-year stay in the division was confirmed on Saturday following a 1-0 defeat at Wolverhampton Wanderers.

With six league matches still left to play, they have equalled the earliest relegation from the Premier League.

It has been a sorry season and money will no longer be flowing as freely.

What Sheffield United relegation means for finances

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We recently worked out that the Blades could be as much as £57m worse off next campaign. That’s even when taking into account the parachute payments they’ll receive.

It’s largely because they will no longer be getting such huge broadcasting revenue.

In 2018/19 when they were promoted from the Championship, United received £8m in TV money. Last term that jumped to £117m.

The Athletic reports that Chris Wilder was told he’d need to raise £40m in player sales this summer before he left his role as manager.

It means hopes of keeping the squad together ahead of a promotion push at the first time of asking will take a hit. However, it’s said the club want £35m for in-demand midfielder Sander Berge. That could therefore cover a large chunk of it.

Yet funds will be more limited and unfortunately for some players, that will be reflected in their pay packet.

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