Former Arsenal and Liverpool player signs for S-League side It’s official. They’ve done it. We never thought they’d pull it off, but the egg’s on our face now. Jermaine Pennant has signed for Tampines Rovers. The 32-year-old had been on trial with the S-League club for the past week, and ST reports that a one-year agreement has been reached. The Englishman will be paid $40,000 monthly, not including bonuses. In an interview with TODAY, Pennant revealed that he would be taking a 70% pay cut from his last drawn salary of $52,000 a week at Wigan Athletic. Of course, we now know that he’ll be taking a pay cut of close to 80%, but this deal still means that Pennant will be the highest paid footballer in Singaporean football history. Which got us thinking — exactly how is Tampines Rovers pulling this off? Who is really footing the bill for this bumper paycheck? Let’s take a look at the possibilities. Possibility 1: Gate and matchday sales In the EPL, ticket and matchday sales can account for anything between 7% – 32% of annual income. However, unlike in England, S-League clubs don’t own their stadiums, but instead pay rental to the Singapore Sports […]
9 years ago
