Gazidis : Worth the Money?

ARSENAL chief Ivan Gazidis raked in £2.1million last season.
It is one of the highest sums ever paid to an English football executive.

While the Arsenal failed to win a trophy for the seventh season in a row, the Gunners’ chief executive saw his pay package swell by 24 per cent to £2.15m in 2011-12.

Of that huge total, £1.366m was basic salary with a bonus of £675,000, benefits of £9,000 and pension contributions of £100,000.

Most clubs are yet to file accounts for last season but in 2010-11 Chelsea paid £2.155m to ALL their directors.
The highest paid – believed to be chief exec Ron Gourlay – received ‘only’ £917,000.
Manchester United’s highest paid director in 2010-11, chief executive David Gill, enjoyed a package of £2.067m.

The only Premier League executive who earned more in 2010-11 than Gazidis did last season was Manchester City’s Garry Cook, who trousered £2.204m.

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Is he worth the money? HOW are Arsenal paying SO MUCH more than other clubs? This to me is clearly over market value. Wages seem to be this clubs major downfall.

 

London weighting?

In all fairness, profits have increased, so he's probably met his terms.

 

I'd pay Dein that much. Gazidis spends it all at advanced hair studio

 

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I am guessing his wages were quite high in the US so they would probably have to offer a lot for him to move to a 50% tax country from a ~35% country. Also compared to the people mentioned bar David Gill he probably does a lot more work. I doubt anyone at Chelsea does anything (all Roman) and the Man City dude just has to pick the right endorsement deal from the owners cousin/family. He handles all transfer/commercial dealings for the club as well as running all other aspects of the non football side - again bar David Gill I dont think any of the other directors of clubs do that.

Do I agree with how much he is paid maybe not. But his responsibility is the financial and commercial side of the club and tbf he is doing that well whatever dettriment there may or may not be to the footballing side. But the proof in the pudding is this summer (or is it next) when the emirates deals all expire and we can negotiate new sponsorship deals we are on effectively 15mn a year for stadium and shirts I would expect minimum double of that, realistically ~40mn then we can deffo see if he was worth the money.

On another issue would people have an issue with the Emirates being called something else if we got a new sponsor or would you prefer just Ashburton Grove? Personally as long as it is not something stupid - SELL SELL SELL!!!

 

Call it whatever they like as long as they get good money. It'll still sound better than ****e hart lane and will always be known as the home of football.

 

Just to follow-up, the name really doesn't bother me. The old stadium never had an aspiring name and the name was never used anyway.

 

S

 

Well worth it. Doing a great job. If Arsenal continue this road to success he should double his money.
Chin up
Sid

 

The emirates deal was for 8 years of shirt sponsorship and 15 of stadium naming rights, therefore the stadium name will be staying the same until 2021. So it is only the shirt sponsorship that we can re-negotiate next year.

 

Except that the owners don't take any cash out of the club. In fact Stan only gets £25K a year in salary.

But, yes. Given the profits that are made (2nd biggest in the country) and I think 4th in the World, would indicate that he does deserve the ridiculous amount that he gets paid.

 

If he makes a profit he gets more of a bonus.

So its simple - sell our best players, make a profit, get paid more.

Our club is being raped by its own CE

 

Arsenal don't pay share dividends. They haven't done for many many years.

 

Yeah the owners all get paid basic salaries and no dividends. The only real value they gain is that their share price increases so their net value raises.

 

Maybe you need it explained again. Arsenal do not pay dividends to their shareholders. Profit is kept at the club. The 5Om you mention has gone towards our overall cash reserve, a sum of money available for wages, running costs, rainy day etc, to ensure that we don't suddenly end up with unsustainable debt, or have to load the value of the club against massive debts like the Glazers do at Utd.

 

As others have pointed out, we do not pay share dividends. Kroenke only gets 25K per year in wages from the club. This is all very clear if you look at the accounts. It's all helps to make us one of, if not the most financially stable club in Europe at the moment.

 

It also ensures that we dont have to make a desperate attempt to float on the New York stock exchange