The former Liverpool chief executive Rick Parry received a £ 4.295million reward

The former Liverpool chief executive Rick Parry received a £ 4.295million reward when he went last summer, according to the accounts of the club.

former Liverpool chief executive Rick Parry

The sum was apparently negotiated with the former chairman David Moores at the time current owners Tom Hicks and George Gillett, entered the bidding to buy the Liverpool back in 2007.
Under the terms of the agreement, Parry received

£ 4.238million of payroll – the total compensation of salaries and bonuses – and another £ 57,000 in company pension contributions.

It is understood that one of the greatest rewards every time a sports administrator, and exceeds the £ 1.2million

Brian Barwick received when he left his post as chief executive of the Football Association in December 2008 and £ 1.5 million compared Keith Edelman, Arsenal in the same year.

Parry, who became executive director o

f Liver

pool in July 1998, announced his resignation from Liverpool in February last year after suffering difficulties in their relationships both with manager Rafael Benitez and Hicks, and finally departed in the summer.
In general, the club’s finances have taken a hit because, in the accounts at July 31, 2009, made an operating loss before tax of £ 16 million – compared to pounds 10.2million profit last year.
Kop Holdings, the company set up by Hicks and Gillett to buy the club, continues to run up more debt and annual interest payments on loans contracted to finance the purchase increased by £ 3.6million to £ 40.1million.
The group recorded a loss before taxation of £ 54.9million – £ 14 million from 2008.

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