The Football Association has justified the £1.32 million paid to CEO Mark Bullingham as meeting and exceeding performance targets. This amount includes a £450,000 bonus and reflects a significant increase of over 55% from the previous year. Bullingham, reportedly the highest-paid chief executive of a UK sports governing body, helped the FA achieve a turnover of £551.2 million and a net profit of £49.7 million. The FA asserts that competitive remuneration is necessary to attract top talent and is based on performance outcomes.
Mark has led the business to meet and exceed robust and ambitious performance targets on and off the pitch and deliver our 2020-2024 strategic objectives.
The turnover was the equivalent to a FTSE 250 company, so the chief executive's performance-based remuneration package needs to be competitive to attract and retain high-calibre executives.
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