FAI’s John Delaney confirms 10% pay cut at Letterkenny AGM

FAI Chief Executive John Delaney has confirmed that he will take a 10 per cent pay cut to his annual salary.
Delaney confirmed to delegates at the Association’s AGM in Letterkenny’s Mount Errigal Hotel this afternoon that his salary will drop from €400,000 to €360,000.
Last year, Delaney took a 7.2 per cent drop from the €431,687 he had been earning. His salary – double that of Taoiseach Enda Kenny and €151,000 more than President Michael D Higgins prior to today’s €40,000 cut – has been the subject of much discussion lately.
Delaney has been CEO since 2005 and has a contract that runs until 2015.
The FAI have had some turbulent times with several high profile jobs shed. Packie Bonner was let go as Technical Director in late 2010, while last month Wim Koevermans left his post as International High Performance Director to take up the role as head coach of the Indian national team.
Staff numbers at the FAI fell from 179 to 173 in 2011.
“We regret any changes that result in job losses, but the numbers are small in comparison to redundancies in companies the length and breadth of Ireland,” Delaney told the AGM.
“We have a duty to our members to make the most effective use of our resources. “No business survives unless it adapts. “Difficult times are ahead for everyone, but we are prepared to meet the challenges. In my own case I will take a further 10 per cent pay cut.”