Hull City players in line for £10 million promotion bonus
HULL City's players will secure themselves a shared £2m one-off bonus for winning the club promotion to the Premier League.
But that reward will be just the tip of the iceberg for Steve Bruce's men, with the estimated cost of bonus payments, and agreed wage increases nearing £10m.
With just 13 games remaining in their Championship campaign, Bruce's men are perfectly placed to secure an automatic promotion place.
Three wins in a week at the KC Stadium over Derby, Charlton and Blackburn have strengthened their position, with City now three points clear of third-placed Watford.
***Free smile and gum health check*** NATIONAL SMILE MONTH MAY...View details
Free smile and gum health check
we are taking part in national smile Month 2013 come and visit us at St Andrews Dental care for a free smile and gum heath check.
EVERYONE IS WELCOME!
SPEAD THE WORD TO FAMILY AND FRIENDS.
free sample goodie bag and competitions to enter with great prizes to be won.
Complimentary refreshments available.
Contact: 01482 423152
Valid until: Friday, May 31 2013
Now, sources close to the club have revealed Tigers' owners Assem and Ehab Allam are estimating an immediate £10m payout should City achieve their dream.
That includes a bonus cash pot, thought to be of around £2m to be shared between the squad and coaching staff.
Significant pay increases for players then set to be retained into next season, plus payments to other clubs from which they have signed players this season, will see around a further £8m paid out.
The incentives offered by the Allams come as the Egyptian owners have invested heavily in a promotion push this season.
With new Financial Fair Play regulations imposing strict limits on the losses of Championship clubs from December 2014, including placing transfer embargoes on clubs, it is effectively the last chance for the owners to bankroll a promotion.
That has seen them spend more than £6m in transfer fees this season for Nick Proschwitz in the summer, then Robbie Brady and David Meyler last month.
That has come against continuing losses at the club as it still struggles to bring its house in order following the poor management during two Premier League seasons from 2008-2010.
The Tigers recorded losses close to £9m in the last financial year, although the Allams ploughed in a new £7m loan.
The latest Tigers accounts, published in January, showed the amount owed to the Allams, before the latest transfer window, stood at £48.8m.