COVID19: England boss Southgate takes 30% wage cut as FA revenue hit

first_imgRelatedPosts COVID-19: NCAA to revoke erring airlines licence over non-compliance FRSC to Schools: We’ll arrest, prosecute drivers who flout COVID-19 rules Sanwo-Olu: We’re committed to fulfilling promises to Lagosians England manager Gareth Southgate has agreed a 30 per cent wage reduction according to British media reports after the FA’s CEO Mark Bullingham said on Monday that its highest earners would take significant pay cuts during the coronavirus crisis. The pandemic has brought English football to a standstill and Bullingham said the lack of international matches and FA Cup games will cost the country’s soccer governing body around 100 million pounds. “In the spirit of those on higher salaries taking the greater responsibility, the senior management team have agreed to cut their pay by 15%, with the highest earners in the organisation agreeing to reduce their pay by up to 30%,” Bullingham said in a statement here on the FA website. “We are proposing that all employees earning 50,000 pounds or more per annum will take a temporary pay reduction of 7.5%,” he said, adding that the FA could lose more than 150 million pounds in revenue if the situation does not stabilise soon. “We’re also looking into what options are available to us through the government’s furlough scheme as a contingency plan while we continue to plan for the return of football, once it is safe to do so.” The Times reported that Southgate would take a wage cut of 225,000 pounds over the next three months, while England Women’s team manager Phil Neville and the men’s England under-21 manager Aidy Boothroyd will take reductions in the region of 15 per cent to 30 per cent. The FA decision contrasts with the approach of some Premier League clubs, such as league leaders Liverpool, who said they would be using the government’s job retention scheme to pay some non-playing staff who are furloughed. Tottenham Hotspur, Newcastle United and Norwich City have taken similar decisions, sparking criticism from the government who have taken a dim view of millionaire players and managers not taking wage cuts while the league is suspended. Reuters/NAN.Tags: COVID-19Football AssociationGareth SouthgateMark Bullinghamlast_img read more

Gambling.com acquires mobile performance marketing network

first_img Gambling.com strengthens US presence with Indiana launch December 19, 2019 Gambling.com maintains momentum against COVID-19 impacts August 19, 2020 Submit Share Gambling.com has announced that its completed the purchase of a mobile performance marketing network for £3m. The developers behind the newly acquired brand, Sabin Brooks and Mike Webb have spent the past four years developing websites and mobile apps that specialise in gambling content for mobile users in a variety of jurisdictions. The network focuses primarily on online casino and sports betting operators and drives more revenue from the United Kingdom than any other market.Charles Gillespie, Gambling.com Group Chief Executive commented: “Sabin and Mike are talented developers and have built a fascinating business which does something new and different. For us this was a rare opportunity to do an acquisition of a business that actually innovates and has defined a new segment of the market. I look forward to building and improving all of our products alongside Sabin and Mike.”With this acquisition, Gambling.com Group opens up an entirely new and quickly growing channel through which it can grow its performance marketing business.The purchase price amounts to an upfront payment of £3m, which will be paid as a cash consideration in conjunction with the transfer of the assets. In addition, there is an earn-out of maximum £4.5m which is based on earnings performance over a period of one year. In order to achieve the full earn-out amount, the sellers need to generate earnings growth during the earn-out period of over 25%. Gambling.com Group may choose to pay any portion of the earn-out payment above £3m in newly issued shares of the company. Gambling.com launches SlotSource.com July 30, 2020 StumbleUpon Share Related Articleslast_img read more