Manchester United Staff Receive Record Bonus Payout

Staff at Manchester United are expected to receive a record bonus payout. Manchester United will pay out a record £5million ($7.85mn) in bonuses to more than 500 Old Trafford staff.

According to the Daily Mail, symptoms the Glazer’s wrote to employees last Monday to tell them they are all in line for a 7.9 per cent bonus on their annual salary in recognition of the club’s success.

Some members of staff, such as £2million-a-year chief executive David Gill, will net just under £160,000 ($251,000) from the scheme.

The Glazers were determined to reward staff across the board after another hugely successful season at Old Trafford. United won a record 19th top-flight title and reached their third Champions League final in four years.

Performance off the field has also been reflected in the Glazers decision to give staff record bonuses.

They have been on performance-related pay since the Glazers took over in 2003, but the bonuses announced to staff are a record.

The club employ 620 people at Old Trafford, Carrington and at their commercial offices in London. Around 520 are non-playing staff and they have all been told the extra money will appear in next month’s salary.

United announced record revenue of $520.8m (up $70.7m over previous year) and record operating profit in excess of $172.8m for the twelve months ending June 30th 2011.

They are also making inroads into their substantial debt at Old Trafford, income is at record levels and they are planning a $1billion flotation on the Singapore stock market. United will publish the next set of accounts in October and they are expected to show massive increases in salary levels.