Man U CEO paid 1.8 million pounds despite mounting debts
January 21st, 2010 - 2:51 pm ICT by ANILondon, Jan.21 (ANI): Debt-ridden Manchester United amazingly paid its CEO David Gill 1.8-million-pounds last year.
Gill’s wages increased by 100,000 pounds from what he had earned in 2008 and by 320,000 pounds from what he had earned in 2007.
The news comes when cutbacks are being made, including denying ‘non-essential’ staff free breakfast at the training ground.
Accounts showed that United’s parent company Red Football Joint Venture Limited racked up an overall debt of 716.5 million pounds this year.
Figures also show the Glazer family paying 68.5 million pounds in interest in 2009.
The owners are reportedly in buy-out talks with Qatar sheikhs. (ANI)
- Man U 100 mn-pounds kitty to spend on players - Feb 01, 2010
- Ferguson's 100 million pounds kitty to raid January transfer market - Oct 24, 2010
- Glazer Family rules out selling Manchester United - Mar 02, 2010
- No need to spend big to regain Premier League: Ferguson - Jul 20, 2010
- Glazer family sends out loan-related SOS to Man U stars - Jan 19, 2010
- Glazers may go for more refinancing to ease Man U debts - Mar 18, 2010
- Debt-ridden Man U swaps hot meals for packed lunches - Jan 24, 2010
- Treble hopeful Man U using mollah to pay owners' debts - Mar 23, 2011
- Ferguson rules out 'wholesale buying' spree this summer - Apr 07, 2010
- Man U will not raid January transfer market: Ferguson - Oct 31, 2010
- Glazers snub 1.5 billion pound bid for Manchester United - May 07, 2010
- Glazers family all set to sell Manchester United - Dec 22, 2010
- Man U fails to sell all season tickets for first time in a generation - Sep 02, 2010
- Man U registers record loss of 83.6 million pounds - Oct 09, 2010
- Fergie labels modern-day footie players 'babies' - Nov 01, 2010
Tags: 5 million, ceo, david gill, debts, free breakfast, glazer family, jan 21, joint venture, london jan, manchester united, parent company, red football, wages
