Menu
Finance

West Ham's Brady Was Paid £438,000 For Consulting, Accounts Show

Karren BradyGETTY IMAGES

Premier League side West Ham United paid Vice-Chair Karren Brady £438,000 for consultancy work last season on top of her £898,000 salary, the club’s annual accounts revealed, according to Martyn Ziegler of the LONDON TIMES. Brady was paid via her company, BKB Media Ltd., for work in connection with the sale of 10% of the club to American billionaire Albert Smith. She is the only director of BKB Media, which had assets of £2.6M ($3.3M) in its most recent accounts. West Ham paid Brady £365,000 plus VAT for her work. A club spokesperson said that it was extra consultancy work "outside the scope of her role as vice-chairman, and was paid accordingly as an external consultant." The accounts also disclose that co-Owners David Sullivan and David Gold were paid £4.6M in August -- £2.3M each -- as interest on their loans to the club of £45M, which earn 4-4.25% interest. Smith's purchase of 10% of the club in Sept. '17 "also saw him, via the company WHU LLC, make a loan" of £9.5M to West Ham, "but unlike the loans from Sullivan and Gold, this is interest-free and repayable if there is a change of ownership of the club" (LONDON TIMES, 1/3).

CONTROVERSY CONTINUES: In London, Tom Morgan reported Gordon Taylor, the "embattled" Professional Footballers' Association CEO, "could face further questions" from a Charity Commission investigation after it emerged he has "continued to receive a hugely controversial" £2.2M ($2.8M) pay packet. The overall package of £2.29M ($2.89M), including a basic salary of £1.2M ($1.5M), a bonus of over £777,000 ($982,000) and additional allowances, "is set to be published by Companies House this month." It is the same amount as last year, which was condemned at the time as "absolutely scandalous" by former England defender Graeme Le Saux. The Charity Commission "is already looking into whether the PFA Charity is effectively funding the salary of Taylor and whether this is normal and appropriate." According to the accounts for the year to June '18, the PFA spent just £125,000 on funding head injury research (TELEGRAPH, 1/3).

SBJ Morning Buzzcast: April 24, 2024

Bears set to tell their story; WNBA teams seeing box-office surge; Orlando gets green light on $500M mixed-use plan

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2019/01/04/Finance/Karren-Brady.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2019/01/04/Finance/Karren-Brady.aspx

CLOSE