After the West Ham United accounts were published on Tuesday, a number of concerning factors were brought to light, with Football.london reporting that the club’s staff costs over the course of the last financial year accounted for 94% of the Hammers’ revenue – the highest staff cost to revenue ratio of a Premier League side since Queens Park Rangers in the 2012/13 season, according to analysts Vysyble.
A portion of these staff costs also account for the salaries of club directors Brady, David Gold and David Sullivan, and speaking on a recent episode of The West Ham Way podcast, ExWHUemployee discussed the amount of money Brady was paid over the previous financial year.
He said: “The accounts were released [on Tuesday]. Some of the headlines from it are that [Manuel] Pellegrini and [Ruben] Cousillas were paid off £3.5m [in] compensation. Karren Brady’s salary actually reduced from £1.136m a year to £1,027,000 a year. So, it reduced, but still, she’s being paid a huge amount.”
Should Brady have taken more of a pay cut?
TIF Thoughts on ExWHUemployee’s comments regarding Karren Brady’s salary…
Indeed, with West Ham United players taking a pay cut due to the effects of the global pandemic on the financial health of the football club, it is only right that the vice-chair Karren Brady also did so.
However, considering the fact that Brady’s reduced salary still amounted to around £19,750 per week, a figure that is not much less than the £23,077 weekly wage of Said Benrahma, perhaps the director could have been a little more drastic in the reduction of her own personal salary.