When David Sullivan and David Gold took over West Ham in 2010 they proudly revealed they were paying Karren Brady out of their own pockets for the first six months.
The West Ham 2011 accounts show the Hammers Vice Chairman was paid £256,000 by the club for the first time.
That package increased to £427,000 in 2012 and then hiked up to a massive £1.634m in 2013 of which £1m was a bonus paid over 5 years for winning the bid to move to the London Stadium.
In 2014 her basic rose by just £2,000 to £636,000 rising by a further £10,000 to £646,000 in 2015.
2016 saw another bid rise to £907,000 before a slight decrease in 2017 to £868,000.
2018 was another bumper year with a base salary of £898,ooo plus a consultant fee of £438,000 paid to a company controlled by Brady for introducing Tripp Smith as an investor making her annual total £1.336m.
In the accounts released last week for 2019 her pay is seen to rise from £898,000 to £1.136m, a rise of 27% on last year.
That adds up to a cool £7.85m over eight years!
With news that the entire West Ham squad has a 50% wage reduction clause if West Ham are relegated from Premier League it would be interesting to know whether Brady has a similar clause to cut her wages in half in the Championship?
Can she play in midfield ? Not actually sure what she contributes for that sort of money . .
Brady’s salary appears a symptom of a very sick organisation – systems theory suggests that organisms/organisations which become cut off and fail to recognise and adapt to the constantly changing reality of their outside world eventually generate a distorted perception & become preoccupied by self-preserving behaviour (e.g. failure to accept any criticism and resulting censorship) Such organism eventually starve and cannot survive. Perhaps this is West Ham in a nutshell – Sullivan, Gold & Brady arguably provide walking evidence as their mindset and actions begin to seep into all aspects of the club, & eventually results on the pitch – thankfully their end, and sadly West Ham’s premiership status, feels nigh!
Obviously these three can see that the end is in sight (especially if championship status is beckoning!) So KB is making sure that she doesn’t have to rely on re runs of the apprentice for her champagne living. Paid a million + to oversee a move that nobody wanted, except Sullivan etc. Wish I could negotiate a wage deal like that! Let’s hope next time we have a board that puts football first.
If this money has been paid to baroness Brady can someone explain what she has done for her money if it’s justifiable then fine it’s the fact we don’t know what she does or what she’s done to justify these kind of wages that I’m sure annoys most West Ham fans
Put this matter to bed once and for all
Just to put into perspective with Sue Whelan at Leicester ,who earned
2012 – £142k
2013 – £142k
2014 – £133k
2015 – £145k
2016 – £158k
2017 – £325k (bonus for winning the PL??)
2018 – £308K
Still cheaper than Jack Wilshere!
KB’s compensation isn’t massively different to CEO’s running similar sized public companies.
The issue however is that when you examine where premier league club revenues come from, they are all effectively television companies with relatively small football related businesses bolted on the side. KB can’t claim to be responsible for most of the money coming into the club, because that comes from centrally negotiated broadcasting rights deals.
This is also probably why Sue Whelan’s package at Leicester makes much more sense.