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
- Is performance pay a 15-year experiment that has failed?
Performance-related pay does not work and in fact, could be counter-productive. The launch of our new report on performance pay last week prompted a lively discussion about whether bonuses and long-term incentives can produce the sort of behaviour shareholders want.
- New High Pay Centre report: Performance-related Pay is nothing of the sort
Research for High Pay Centre by Incomes Data Services shows that growth in executive pay, bonuses and incentive payments has vastly outpaced performance as measured by every indicator in common use
- Pay at the top has become a self-enriching racket
The relationship between bonus increases and profit growth is virtually non-existent