REVEALED: Aston Villa paid Rangers £4.25MILLION in compensation to poach boss Steven Gerrard from Scottish champions… only for the struggling Premier League side to sack him 11 months later (having shelled out £326,000 per win!)
- Rangers’ latest financial report was published on Wednesday morning
- It revealed the level of compensation Aston Villa paid for Steven Gerrard
- Villa paid £4.25m for Gerrard and a further £6.1m in ‘non-recurring costs’
- Gerrard was contracted to Rangers until 2024, requiring him to be bought out
Aston Villa paid out £4.25million in compensation to Rangers for Steven Gerrard, the Scottish side’s annual financial report has revealed.
In a report that showed an all-time high turnover of £86.8m, it is a nugget about the compensation package Villa put together to bring Gerrard to Villa Park last year that has caught the eye.
Christian Purslow and Villa’s hierarchy made no secret of their desire to land Gerrard, who was under contract with Rangers through until 2024, after they dismissed Dean Smith as manager 12 months ago.
The level of compensation Aston Villa paid Rangers for Steven Gerrard has now been revealed
Having brought a league title back to Ibrox, the former Liverpool captain’s stock was high at Rangers and they were reluctant to let him go cheaply.
It has now been revealed that Villa paid a whopping £4.25m to get him.
Broken down, it works out that Villa paid £326,000 per win under Gerrard, who was relieved of his duties last month and replaced by Unai Emery.
Villa also had to pay out a further £6.1m for backroom staff to be eligible to follow Gerrard to the Midlands.
Gerrard (middle) had three years remaining on his Rangers contract when Villa brought him in
Rangers’ report detailed: ‘We also charged £6.1m in non-recurring costs, which includes settlement of litigations and contract termination costs.’
That money is believed to have been generated from contract terminations including that of Michael Beale, formerly a coach with Gerrard and now manager of Queens Park Rangers.
Villa were aggressive in their pursuit of Gerrard and it showed their faith given the compensation package they paid to get him.
But optimism off the pitch soon dissipated and Gerrard was sacked 11 months later following a miserable night at Fulham where furious Villa fans chanted for him to ‘get out of our club’.
Broken down, Villa paid £326,000 per win under Steven Gerrard – he managed eight overall
Gerrard was given the boot with Villa having won only two of their opening 12 league games this season.
Backroom staff Gary McAllister, Neil Critchley, Tom Culshaw, Jordan Milsom and Scott Mason also all left the club along with Gerrard.
Gerrard left Villa Park with a record of eight wins, eight draws and 15 defeats from 31 games, giving him a win rate of 25.8 pert cent.