Liverpool swiftly settle £5m Rodgers compensation

The sum is significant, considering Liverpool face a testing time complying with FFP

Liverpool have demonstrated the value they attach to securing Brendan Rodgers' services by settling his £5m in compensation in full with Swansea City, ahead of his anticipated presentation at Anfield today as the new manager of the club.

The total compensation payable to Swansea may be more than £5.5m, including the sums being paid to enable Rodgers to bring three of his backroom staff, first-team coach Colin Pascoe, match-analyst Chris Davies and conditioning expert Glen Driscoll, with him to Merseyside. The sum is a significant one, considering that Liverpool already face a testing time complying with Uefa's Financial Fair Play regime. New projections from the financialfairplay.co.uk website suggest the club may sustain an aggregate loss of around £42.7m for the first monitoring period of FFP – with the permitted loss being £36m. The projections illustrate how Rodgers may have to operate within restrictions at his new club.

The new figures assume that the club will not make a profit on player sales next season and to meet FFP tests, it is estimated that new purchases will need to be largely funded by player sales above their current book value. That would mean a substantial summer of selling if the estimated £30m to be put at Rodgers' disposal will actually materialise. The club's owner, Fenway Sports Group, has been an ardent advocate of FFP, which it sees as a way of levelling the playing field for clubs.

Liverpool's position in relation to FFP was not enhanced by former director of football Damien Comolli giving a number of new contracts to players who had been on pre-June 2010 deals. Salaries paid out in contracts signed before June 2010 can be excluded from the club's outgoings for FFP purposes, though the new deals mean the club can exclude only around £16.9m in this way. Manchester City can exclude around £53m in wages for long-standing players from their cost base for FPP purposes.

Pascoe's arrival appears to remove the possibility of Steve Clarke, assistant to Kenny Dalglish, remaining at Anfield – despite Fenway having rejected his resignation. Louis van Gaal's prospects of joining Liverpool are also extinguished, though Rodgers will be asked to work with a new tier of football management, including an administrator and a chief scout who will collectively replace Comolli.

Gylfi Sigurdsson is scheduled to meet Swansea officials today to discuss personal terms, with Hoffenheim and the South Wales club having agreed a club record £6.8m deal for the player. Rodgers may now attempt to hijack that deal for a player whom Sir Alex Ferguson has watched, though there is a degree of confidence at the Liberty Stadium that Sigurdsson wants to play regular first-team football and that Rodgers' departure will not necessarily scupper the move. Swansea, who feel there is an agreement in principle on personal terms, will seek to show the Icelandic attacking midfielder that they retain ambition to build on their first season in the Premier League.

For Swansea, the loss of Pascoe is a blow, who has worked under three managers at the club. With match-analyst Davies, Rodgers has taken a particularly key component of his successful formula from the Liberty Stadium and has attached huge value to his work. But the Swansea exodus is not considered as severe as when Roberto Martinez left in 2009 for Wigan Athletic, taking the club physio and sports scientist with him, as well as Kevin Reeves and assistant manager Graeme Jones.

Jones, who is still Martinez's No 2 at Wigan Athletic and highly regarded by Swansea's players, was bookmakers' favourite to replace Rodgers last night – a move which would reflect chairman Huw Jenkins's desire to maintain the same playing culture.

PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Day In a Page

As in 1942, Germany must show restraint over Greece

As in 1942, Germany must show restraint over Greece

Mussolini tried to warn his ally of the danger of bringing the country to its knees. So should we, says Patrick Cockburn
Britain's widening poverty gap should be causing outrage at the start of the election campaign

The short stroll that should be our walk of shame

Courting the global elite has failed to benefit Britain, as the vast disparity in wealth on display in the capital shows
Homeless Veterans appeal: The rise of the working poor: when having a job cannot prevent poverty

Homeless Veterans appeal

The rise of the working poor: when having a job cannot prevent poverty
Prince Charles the saviour of the nation? A new book highlights concerns about how political he will be when he eventually becomes king

Prince Charles the saviour of the nation?

A new book highlights concerns about how political he will be when he eventually becomes king
How books can defeat Isis: Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad

How books can defeat Isis

Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad
Judith Hackitt: The myths of elf 'n' safety

Judith Hackitt: The myths of elf 'n' safety

She may be in charge of minimising our risks of injury, but the chair of the Health and Safety Executive still wants children to be able to hurt themselves
The open loathing between Barack Obama and Benjamin Netanyahu just got worse

The open loathing between Obama and Netanyahu just got worse

The Israeli PM's relationship with the Obama has always been chilly, but going over the President's head on Iran will do him no favours, says Rupert Cornwell
French chefs get 'le huff' as nation slips down global cuisine rankings

French chefs get 'le huff' as nation slips down global cuisine rankings

Fury at British best restaurants survey sees French magazine produce a rival list
Star choreographer Matthew Bourne gives young carers a chance to perform at Sadler's Wells

Young carers to make dance debut

What happened when superstar choreographer Matthew Bourne encouraged 27 teenage carers to think about themselves for once?
Design Council's 70th anniversary: Four of the most intriguing prototypes from Ones to Watch

Design Council's 70th anniversary

Four of the most intriguing prototypes from Ones to Watch
Dame Harriet Walter: The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment

Dame Harriet Walter interview

The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment
Art should not be a slave to the ideas driving it

Art should not be a slave to the ideas driving it

Critics of Tom Stoppard's new play seem to agree that cerebral can never trump character, says DJ Taylor
Bill Granger recipes: Our chef's winter salads will make you feel energised through February

Bill Granger's winter salads

Salads aren't just a bit on the side, says our chef - their crunch, colour and natural goodness are perfect for a midwinter pick-me-up
England vs Wales: Cool head George Ford ready to put out dragon fire

George Ford: Cool head ready to put out dragon fire

No 10’s calmness under pressure will be key for England in Cardiff
Michael Calvin: Time for Old Firm to put aside bigotry and forge new links

Michael Calvin's Last Word

Time for Old Firm to put aside bigotry and forge new links