Man City’s 449 staff on an average of £500k a year


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There is one workplace in Britain that has 449 staff members whose average wage clocks in at a whopping £500,000-a-year.

Sounds great huh? But before sending out your CV it is worth nothing that the company in question is Manchester City Football club and some of their players such as Yaya Toure and Sergio Ageruo earn roughly that amount every two weeks.

As Mr Orwell famously wrote: "All animals are equal, but some animals are more equal than others."

Still, City's latest accounts reveal just how much money the club's Abu Dhabi-based owners are ploughing into the club.

The wage bill is up by £32m to £233m for all staff members, and with 449 staff on their books, that clocks in at an average wage over half-a-million.

City actually halved their annual loss to £51.6 million in 2012-13 but still appear set to breach a UEFA cap on how much money teams are allowed to lose.

City, owned by Abu Dhabi's Sheikh Mansour, had lost £97.9 m the previous year as they spent heavily on building a team to compete with Europe's top clubs.

Although City's finances are improving, UEFA's Financial Fair Play (FFP) rules cap headline losses at €45m (£37 m) over the past two seasons.

There are a series of exemptions for older contracts and money spent on youth development that might help to reduce City's deficit under the rules set out by UEFA, European football's governing body.

"Growing revenues and controlled expenses are bringing the club to break-even in the immediate future and profitability thereafter," City chief executive Ferran Soriano said in a statement on Wednesday.

City said revenues rose to a record high of £271m in 2012-13.

Clubs who fall foul of the FFP rules face a range of sanctions, with exclusion from the lucrative Champions League the harshest punishment.

So maybe the tea lady should hold off asking for that pay rise just yet.


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