The Football Association argued that Mark Bullingham, who had “met and exceeded robust targets,” was paid £1.32 million last year, including a £450, 000 bonus, in response to his compensation.
Bullingham is regarded as the UK’s highest-paid chief executive of a sports governing body.
The 50-year-old earned a salary of £869,000 and a long-term incentive plan (LTIP) bonus for the fiscal year that ended in July 2024.
The sum of £1.32 million is an increase over the previous year’s increase of more than 55%.
Despite operating losses of nearly £40 million, it was revealed that Rugby Football Union CEO Bill Sweeney pocketed £1.1 million in November after receiving a bonus of £358, 000 to go along with his £742, 000 salary.
According to the FA’s annual accounts, which was released on Tuesday, the company made a net profit of £49.7 million and had a turnover of £551.2 million for the year, up £69.4 million from the previous year.
According to an FA spokesperson, the turnover is “the equivalent of a FTSE 250 company,” so the chief executive’s performance-based compensation package must be competitive to “attract and retain high-calibre executives.”
Mark led the company in achieving our 2020-2024 strategic objectives, as stated in the statement.
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Source: BBC
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