Queens Park Rangers manager Harry Redknapp will have to take a pay cut from next season following the club's relegation after last week's 0-0 draw at Reading.
According to QPR chairman Tony Fernandes, Redknapp and more than half of his squad have been slapped with relegation clauses, which will reduce their salaries next season, The Sun reports.
Although he confirmed that the salary of Redknapp, who was appointed in November in a three million pounds-a-year deal, would be decreased, he, however refused to reveal which players have the clauses and how much the decreases will be.
However, Redknapp said that relegation would not plunge his big-spending club into financial meltdown, although he added that the club deserved to be relegated as they are not good enough even if they have an obvious desire to win.
Meanwhile, Fernandes claimed that some of his players do not show enough passion in the game, which cumulatively takes down the performance of the club. (ANI)