Woodward actually saw his wage drop by £171,000
Manchester United executive vice-chairman Ed Woodward earned a eye-watering £2.916million during his final full year at Old Trafford, making him the highest-paid club chief in the Premier League.
The financial figures were revealed in Manchester United Football Club Ltd’s accounts posted at Companies House on Wednesday, which included the 50-year-old’s official earning for the period.
Woodward, who will depart his role as executive vice-chairman as he is replaced by Richard Arnold in February, saw his wage drop by £171,000 compared to the previously publicised figure of £3.087m.
“The number of directors who held office during the year and were members of a defined contribution scheme was 1 (2020:1) Emoluments of the highest paid director amounted to £2,916,000 (2020: £3,087,000), including Company contributions to defined contribution schemes of £nil (2020: £nil),” read the wording of United’s accounts.
Outgoing #mufc exec vice-chairman Ed Woodward's salary dropped £171k but he was still highest-paid club chief in PL earning £2.916million last season pic.twitter.com/HtTfTekvQ3
— Martyn Ziegler (@martynziegler) January 19, 2022
Woodward announced that he was leaving the Red Devils in April 2021, which came soon after the Super League fiasco, where it was expected that Arnold – who will become the first person to hold the chief executive title at United since David Gill stepped down in 2013 – would take over from him.
He will not undertake any consultancy period, however, Manchester Evening News report that he will continue to attend football board meetings until the end of June – in order to help oversee a ‘smooth transition’.
On the field, the Red Devils have endured a difficult run in recent weeks, with players and interim boss Ralf Rangnick receiving criticism for performances – having won just four of their last eight matches.
Rangnick’s side travel to Brentford on Wednesday (January 19) hoping to close the gap on the top four. United currently trail fourth-placed West Ham by five points, but have two games in hand after recent postponements.
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