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Author: Scott Cooper Date: 16-10-03 Time: 1.00pm

 Wolverhampton Wanderers have announced that players are paid on a performance related basis and have also announced that their annual wage bill is a staggering £20Million.

 The new Premiership Wage bill has risen by a 120% from last seasons Division One wage bill.

 The new Wage Bill is an annual £20Million, more than double West Brom`s annual Wage Bill for their only Premiership Season last term.

 The news was announced at last nights Fans Forum. 300 Season Ticket Holders packed Molineux to fire questions at a panel of Jez Moxey, Sir Jack Hayward and Manager Dave Jones.

 Sir Jack told the Forum "We spent what will amount to £4.75m on transfers in the summer, and we paid £5.2m on players' bonuses and other payments before we received a penny from Sky."

 "That was on top of the £13m or £14m we spent on the team the previous two years. I don't consider that team was derelict. Players wages are the biggest drain on any club's income and our salaries will be £20m."

 Meanwhile Club Secretary Richard Skirrow said that players are on Performance Related pay, with some players wages going down should the club be relegated.

 "We have tried to get people on performances-related pay as much as possible - we have players whose wages go down if we get relegated." Said Skirrow.

Source: Richard Skirrow was talking to the Express And Star.

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