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http://www.thisislondon.co.uk/sport/football/articles/14363837
Chelsea sack ￡12m Mutu
By Wayne Veysey, Evening Standard 29 October 2004
Chelsea have written off ￡ 12million after sensationally sacking Adrian Mutu
for taking cocaine.
The club have taken a zero-tolerance approach following the Romania striker's
positive test for the drug earlier this month.
Despite paying Italian club Parma ￡15.8m for him in August 2003, the club
believe the principle overrides the money they will lose from making him a
free agent.
Mutu was in the second year of a five-year deal. Because football clubs
write down the value of their players as assets over the term of their
contracts,the club have effectively already had ￡3m of value from him.
The club will benefit, too, from removing themselves from the commitment to
pay his wages, thought to be ￡3m a year or ￡60,000 a week. That will save
them ￡12m over the next four years.
Chelsea sources also said the club are reserving the right to claim
compensation if he is not banned by the Football Association and is given a
second chance in the Premiership or at a top club in Europe.
Chelsea, who had refused to comment on the matter until this morning, said
they had decided to sack Mutu for gross misconduct.
It is understood the player was informed late last night.
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