The greed and cronyism is shocking at the highest level of football
The greed and cronyism is shocking… the lack of governance over the behaviour of PFA chief Gordon Taylor would shame boardrooms in the City
- It is no surprise high-level football is infested by overpaid players and officials
- However, I am shocked at the sheer greed and cronyism on display this week
- Gordon Taylor is paid £2.29million a year to head the PFA, an offensive sum
It is no surprise to anyone that high-level football is infested by overpaid, spoilt players and officials.
But I am shocked at the sheer greed and cronyism on display this week — and that is saying something, because as a financial editor I have looked at more high-pay scandals in corporate Britain over the last two decades than I care to remember.
It is no overstatement to say that the lack of governance over the behaviour of PFA chief Gordon Taylor would shame boardrooms in the City.
The lack of governance over Gordon Taylor’s behaviour would shame boardrooms in the City
Taylor is paid £2.29million a year to head the PFA.
In itself, this is an offensive sum for running a trade union looking after the interests of ordinary, non-superstar players who fall on hard times.
To put that in perspective, a number of chief executives are paid considerably less for running multi-million pound FTSE 100 companies. Taylor’s payment was given the green light by a committee chaired by former player Gareth Griffiths.
He now runs a company called Pro Sport Wealth, which gives financial advice to ex-footballers and whose website boasts a glowing endorsement by, guess who, Gordon Taylor.
Even in the City, back-scratching this blatant wouldn’t be tolerated.
Yet the whole point of remuneration committees is that they should be independent and act as a brake on excessive rewards.
Taylor receives £2.29million a year to head the PFA… this in itself is an offensive sum
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