Jeremy Peace has revealed that clubs should help young players control their money, with Baggies star Saido Berahino set to get a new £50,000-a-week deal.
Berahino jumped from £800 to £14,000-a-week last season, with his rise to prominence in the early part of the season being rewarded by the huge pay rise in December 2013. However, he looks set to go one step further in the coming months, having starred for the Baggies and the England Udner-21’s in recent weeks, with a rumoured £50,000-a-week contract ready to be signed by the 21-year-old.
Berahino is the latest in a long line of young stars on the end of receiving bumper contracts, with Liverpool man Raheem Sterling set to sign a new five-year, £125,000-a-week deal, whilst Manchester United defender Tyler Blackett could receive £50,000-a-week after just 11 first-team appearances for the Red Devils.
It shows a new trend in youngsters being paid beyond their worth, with Chelsea youngster Ruben Loftus-Cheek, scouted by United and Barcelona, set to become a millionaire before he has turned 20-years-old, and Baggies chairman Jeremy Peace, who will be overseeing the deal for Berahino, is keen to have clubs protect the money of their youngsters.
Speaking to the Express and Star, Peace said: “My view on young players is that it would be a good thing to try to protect their money in some way.
“You just hope, when any young player is being given all this money, that the agents or friends are advising them to put it away somewhere safe, so if it goes wrong or they have an injury, they have something saved to enjoy when they eventually retire. I just think there should be some mechanism in place so all the money they earn is not spent.”
A number of countries already have the system set up to protect the futures of the young stars, with Dutch football clubs setting up trust funds to limit available cash, and England would be wise to follow such a process.
Peace’s proposition shows an incredible maturity in the affairs of young footballers, with little forethought show into futures that may end prematurely through injury or a failed career. Whilst many may believe the talents of Berahino, Blackett and Sterling deserve to receive such large fees, there is no denying that they could use the help to plan for the remainders of their careers.