Revealed: Everton director hammered by £1.2m pay cut
Everton paid their directors £1.2million less last season than they did in 2020-21, Football Insider has learned.
The accounts for the financial year show that the club paid £3.05m to board members as they narrowly dodged relegation in 2021-22, down on £4.2m the previous season.
The Toffees currently have four active directors – chairman Bill Kenwright, CEO Denise Barrett-Baxendale, finance officer Grant Ingles, and non-executive director Graeme Sharp.
Ingles replaced former finance director Alexander Ryazantsev following his departure in August 2021, while Sharp joined the board the following January.
Former director of football Marcel Brands and Farhad Moshiri’s boardroom representative Sarvar Ismailov also left the club during the financial year.
New director of football Kevin Thelwell, who has now been in the post for a little over a year, is not on the board of directors.
That means the board is one person lighter than it was the previous season – but the highest-paid director took a dramatic pay cut nonetheless, from £2.04m to £870,000.
The Goodison Park board have borne the brunt of Everton supporters’ frustrations in recent months, with many fans exasperated by the club’s financial fair play situation and recent recruitment strategy.
All four directors have been absent from home matches since they were informed that there was what was described as “a real and credible threat to their safety and security” ahead of a defeat to Southampton in January.
Everton were referred to an independent commission by the Premier League in March for an alleged breach of Profit and Sustainability rules.
The latest accounts presented a £44.7m loss on turnover of £181m in 2021-22, down on deficits of £121m and £139.9m in the two preceding financial years.
In other news, Everton want £70m for Amadou Onana as two PL giants plot bids.