Gill quids in at Glazer’s United
Posted in News on Saturday May 28th, 2005 12:55pm
The Guardian:
The Manchester United chief executive David Gill will receive a £1.7m windfall after the firm’s remuneration committee - which decides how directors are paid - said that long-term payments could be given. The finance director Nick Humby will receive £906,000 from the same scheme.
This is on top of the cash they will receive from selling shares in the company that they already own. They indicated earlier this week they will sell to Malcolm Glazer, and advised fans to do the same. The payments are in the form of shares, worth £3 each under the terms of Glazer’s offer for the football club.
One independent director Jim O’Neill owns a £5m stake under the Glazer offer. Gill stands to receive £512,000 from his shares, while Humby stands to gain £152,000.
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