Newcastle Directors Recieve £1M Payout
By Matthew Jones
October 29 2003
It has been revealed that Newcastle United directors earned over £1 million last year alone. Chairman Freddy Shepherd is reported to have received a total pay package of £668,000 while Douglas Hall is said to have been given £591,000.
It has been revealed that Newcastle United directors earned over £1 million last year alone. Chairman Freddy Shepherd is reported to have received a total pay package of £668,000 while Douglas Hall is said to have been given £591,000.
The packages represent pay rises of 11% and 12% respectively for Shepherd and Hall, who have also recieved bonuses this year - £250,000 for Shepherd and £225,000 for Hall.
Newcastle United Supporters' Association chairman Frank Gilmour told the Evening Chronicle: "What the club should do as a plc is to publish how the chairman and Douglas Hall earned their money and how the bonus scheme is worked out and what it is based on, such as the achievement of certain targets, increase in profits or whatever.
"If that came out, fans would say they have earned it because they have increased trade or performance but just giving a figure and not saying how it came about, people tend to look at it suspiciously."
A Newcastle United spokesman said: "There are no set criteria for the bonuses to be triggered, but the payments are in line with those for senior directors of other top football clubs and reflect the club's third place finish last season and are on the back of the club's best ever financial results."