Soccer

Saturday 26 July 2014

Cortese's pay packet revealed

Published 09/04/2014|17:37

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Nicola Cortese was paid almost £2million pounds in his final full season as Southampton executive chairman

Nicola Cortese was paid almost £2million pounds in his final full season as Southampton executive chairman, accounts have revealed.

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Accounts to June 30, 2013, published by Companies House, show that the Italian, who resigned on January 15, banked £1,965,511 (around £38,000 per week) for Southampton's first season back in the Premier League.

It was a payrise of more than £500,000 from his renumeration package the previous year, when Saints earned promotion from the Championship.

The figures are revealed in accounts published by Southampton's parent company DMWSL 613 Ltd, which is now known as St Mary's Football Group Ltd.

The accounts show the highest paid director's salary, with Cortese the only director for the period in question.

Owner Katharina Liebherr was appointed a director on Cortese's departure.

So too was Josef Lenhart, whose occupation of the role lasted three days. Figures for his renumeration could be revealed in the 2013/2014 accounts.

Press Association

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