Ivan Gazidis earned a massive £2.1million last season.
While the Arsenal failed to win a trophy for the seventh season in a row, the Gunners’ chief executive saw his pay package swell by 24 per cent to £2.15m in 2011-12.
Of that huge total, £1.366m was basic salary with a bonus of £675,000, benefits of £9,000 and pension contributions of £100,000.
Most clubs are yet to file accounts for last season but in 2010-11 Chelsea paid £2.155m to ALL their directors.
The highest paid – believed to be chief exec Ron Gourlay – received ‘only’ £917,000.
Manchester United’s highest paid director in 2010-11, chief executive David Gill, enjoyed a package of £2.067m.
The only Premier League executive who earned more in 2010-11 than Gazidis did last season was Manchester City’s Garry Cook, who trousered £2.204m.
Gazidis can at least point to impressive financial results.
So now we know why Mr Gazidis likes to make a profit and where the money from the sales of Cesc, Nasri, Toure, Clichy, Adebayor and Van Persie went.
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