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 the start of this year the average FTSE 100 CEO has earned:
Income inequality in the UK
Wealth inequality in the UK
- Capitalism not Cronyism
Interview with Simon Walker, head of the Institute of Directors, in the Daily Mail. Simon is on the committee steering our project on performance-related pay. "Over the last decade, it has quadrupled without any clear link to performance."
- FTSE 100 bosses now paid an average 130 times as much as their employees
High Pay Centre analysis suggests many top bosses are still paid hundreds of times as much as their staff
- Is it time for a maximum pay ratio?
Executive pay has rocketed from around 60 times the average worker to more than 170 times. Would a maximum pay ratio redress the balance?