Football Mad: are we paying more for less?
Latest report from the High Pay Centre on pay in football
New research from the High Pay Centre reveals that footballers at the top have seen an increase of over 1500%, whilst average UK wages have risen by just 186% in the last 20 years. Players lower down have been less fortunate, with their pay rising by just over 200%. Indeed as players’ wages take up a bigger slice of club turnover, up from 48% in 1997 to 70% in 2010, we are seeing low levels of investment in the essential infrastructure that could improve the national talent pool, namely coaches.
For a selection of media reactions to the report, please see our press page
Since 5 January 2015 the average FTSE 100 CEO has earned:
Income inequality in the UK
Wealth inequality in the UK
- Does a rich List CEO really need another £43 million?
HPC Deputy Director Luke Hildyard's monthly blog for Left Foot Forward
- Are remuneration consultants independent?
Companies are required to disclose details of the work done for remuneration committees by consultants and the fees paid for it. This report highlights the poor disclosure of fees for those services. It is impossible to judge whether there are conflicts of interest without better information.
- The Metrics Re-Loaded: Examining executive remuneration performance measures
Most big company performance measures in the UK are based on profits and share price - often judging companies relative to others, so that executives can still be rewarded even if shareholders lose out.