Chelsea Executives Awarded 80% Pay Raises Amid Record Losses
Despite record losses, Chelsea executives handed themselves 80% pay rises last year
Yahoo! News
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Chelsea FC executives awarded themselves significant pay raises of up to 80% last year, despite the club facing record financial losses. This decision has sparked outrage among fans, who feel the management is rewarding themselves while the team struggles and other staff receive minimal increases.
- 01Chelsea executives received an 80% pay raise despite record financial losses.
- 02Directors saw nearly a 60% increase in their salaries.
- 03Player salary increases were limited to just 6%.
- 04The total compensation for key management personnel rose to £10.6 million.
- 05Fan outrage has intensified over perceived mismanagement and lack of accountability.
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Chelsea FC executives have come under fire for awarding themselves 80% pay raises last year, even as the club reported record financial losses. According to newly released accounts from Chelsea FC Holdings Limited, the total compensation for key management personnel increased to £10.6 million from £5.9 million the previous season. In stark contrast, players received only a 6% increase in their salaries, while directors enjoyed nearly a 60% hike. This decision has fueled anger among fans, who feel that management is rewarding themselves for failures while the team struggles on the pitch. The club's recent managerial changes have further exacerbated frustrations, as fans perceive a lack of accountability from the executives, who have shifted blame onto the coaching staff.
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This situation highlights the growing discontent among Chelsea fans regarding the management's priorities and accountability, potentially affecting attendance and support for the club.
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