Despite flat-lined commercial revenues and no trophy, Arsenal seems to still have enough money to spray her executives!
Arsenal chief executive Ivan Gazidis received an extraordinary annual bonus of more than £1million.
In total, Gazidis was paid a whopping package of £2.648m, making him the second highest paid football club executive in the Premier League behind Manchester United’s executive vice-chairman Ed Woodward.
The numbers are included in the Arsenal club accounts sent to shareholders. Gazidis’s pay rose by nearly £400,000 for the year ending June 2016, despite Arsenal’s lack of success. Woodward is understood to earn around £3m a year but United’s complex accounting system does not reveal the exact figure.
The team has had a fantastic showing this season and has remained at the top of the table. Let’s hope their luck holds and they can finally breaking the jinx of coming 4th place every season!