PracticeAccounting FirmsGrant Thornton: Owen injury to cost FA £9m

Grant Thornton: Owen injury to cost FA £9m

World Cup hangover looms for Football Association

England’s governing football body is facing a £9m bill over the injury
sustained to striker Michael Owen, according to Grant Thornton’s forensic and
investigation services practice

According to the mid-tier firm Newcastle United will be seeking damages from
the FA to recoup part of the fee it paid for the player, his wages, the
insurance paid to cover his wages and the cost of a replacement.

This claim could lead to an eventual overhaul of the way footballers are
insured and paid for while on international duty, Grant Thornton said.

A total of 111 UK-based football players took part or are still taking part
in the World Cup. They are paid an average wage totalling over £150m per year.

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