in , , , ,

Everton director hammered by enormous pay cut

Everton director hammered by enormous pay cut
Image Credit: Image Credit: Getty Images

According to Football Insider, Everton reduced the payment made to their directors by £1.2 million during the 2021-22 financial year, paying £3.05 million to board members.

This amount is less than the £4.2 million paid during the previous season when they avoided relegation.

The Everton board consists of four active directors, including chairman Bill Kenwright, CEO Denise Barrett-Baxendale, finance officer Grant Ingles, and non-executive director Graeme Sharp.

During the financial year, former director of football Marcel Brands and Sarvar Ismailov, the club’s boardroom representative, left the club, while Ingles and Sharp joined.

Although the board is now one person lighter than it was in the previous season, the highest-paid director’s pay dropped significantly from £2.04 million to £870,000.

Everton’s financial fair play situation and recent recruitment strategy have been a source of frustration for many fans, and the Premier League referred them to an independent commission in March for allegedly violating Profit and Sustainability rules.

In 2021-22, the club’s turnover was £181 million, and the latest accounts presented a £44.7 million loss, lower than the £121 million and £139.9 million losses in the preceding two financial years.

Jamie Carragher savages Moshiri and Everton board live on Sky

Jamie Carragher savages Moshiri and Everton board live on Sky
Image Credit: Sky Sports

Jamie Carragher made criticisms of Everton owner Farhad Moshiri and the board for their management of the club while on Sky Sports.

Everton is in trouble for breaking Financial Fair Play rules in recent seasons and is currently fighting to avoid relegation from the Premier League.

During a live appearance on Monday Night Football on Sky Sports on April 3, Carragher reiterated his claims that Everton is one of the worst-run clubs in the country and suggested that they could face administration if they are relegated this season.

“100% it does (have an impact) and you think of the situation they’re in, I think on this show we’ve been very critical of the Everton board,” he said.

“Moshiri, Bill Kenwright, Denise Barrett-Baxendale, I called them one of the worst run clubs in the country. I think when you see the financial situation and the results that have come out in the last few days, I think you’d have to say we’re not far wrong when we talk about Everton like that.

“When you think of the money that owner has put in. Now we’ve been critical of the decisions he’s made and you have to accept that. £750m he’s put into Everton, and then you see that team on the pitch.

“If they go down, whether he’d stick around, whether they could even go into administration, I think that’s how bad it is financially for Everton right now.

“The way that club is run is not good enough and it’s a million miles away from where it needs to be.”

Despite being a Liverpool legend, Jamie Carragher is being praised for his comments regarding Everton owner Farhad Moshiri and the board’s poor management of the club.

During a recent appearance on Monday Night Football on Sky Sports, Carragher stated that Everton is one of the worst run clubs in the country and warned that they could face administration if they are relegated from the Premier League.

Carragher believes that Moshiri, along with chairman Bill Kenwright and CEO Denise Barrett-Baxendale, are to blame for the current state of the club.

He has called on the mainstream media to hold them accountable for their actions, which have led to Everton’s decline.

Carragher understands the local community and fans’ passion for the club, and he believes that Moshiri should bear the brunt of the blame for allowing Carragher to criticize Everton’s management.

While avoiding relegation would help alleviate some financial pressure, the issues caused by the poor management of the club should not be forgotten.

The media has finally begun to pay attention to the problems caused by Everton’s poor management.

The club is being run by people who are ill-equipped to handle their responsibilities, and the negative consequences are becoming increasingly apparent.

Sports Evolve

Written by Sports Evolve

“They’ve decided now” - TalkSPORT reporter drops intriguing news out of West Ham

BBC pundit responds to claim that 5-time PL winner could take Moyes’ job

Aston Villa in ‘contact’ over £36m Brazil prodigy on Barcelona’s transfer radar

Aston Villa in ‘contact’ over £36m Brazil prodigy on Barcelona’s transfer radar