Chisholm had pounds 2.85m pay-off from Sky
According to BSkyB's 1999 annual report, Mr Chisholm, who is now embroiled in a contract dispute with the Premier League, was paid pounds 2,853,815 for the early termination of his link with the company after he resigned in May. Mr Chisholm's contract was due to expire at the end of this year but was severed after he accepted a position as an adviser to the Premier League. His main task was to help to negotiate the post-2001 multi-million pound television rights deal for the football clubs.
In the annual report, the remuneration committee, which includes Rupert Murdoch, BSkyB's chairman, says: "In considering the amount that was paid [to Mr Chisholm], the Committee sought the advice of external advisers.... The Committee is of the opinion that the amount paid was fair and reasonable and adhered to good corporate practice." Including his regular payments from the company, Mr Chisholm's total pay from BSkyB came to pounds 3.38m.
David Chance, who was also appointed as a Premier League adviser to work on the television rights deal, was paid pounds 94,760 for consultancy work for BSkyB during the year under review. His total payment as a non- executive director for the year to 30 June was pounds 296,696.
The Premier League clubs have blocked the post-2001 deal negotiated by Mr Chisholm and Mr Chance, arguing that their contracts were too costly. In turn, Mr Chisholm and Mr Chance are suing the league for breach of contract. It is understood the two were set to receive a pounds 1.3m annual retainer, 5 per cent commission on any significant increase on the league's pounds 743m four-year contract, plus 5 per cent of a Premier League TV station, if one were set up.
Mark Booth, who quit as BSkyB's chief executive in May in order to run Mr Murdoch's new Internet investment venture, epartners, received a pay package worth pounds 2.14m, including a pounds 1.4m bonus. The annual report describes the bonus as awarded "in recognition of Mr Booth's role in the launch of Sky digital, the surrender of his share options and ... expenses incurred relating to installation of equipment in his home".
- 1 Al Pacino on suffering from depression: 'It can last and it's terrifying'
- 2 Half of young women unable to ‘locate vagina’ and 65% find it difficult to say the word
- 3 Saudis risk new Muslim division with proposal to move Mohamed’s tomb
- 4 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 5 Mexican woman becomes world’s 'oldest person' at 127
Perez Hilton apologises for publishing Jennifer Lawrence naked photo leak
Jennifer Lawrence 'nude photo hacker' claims there are hundreds more celebrity images to come
Victoria Justice on naked photo leak: 'Let me nip this in the bud right now – pun intended'
Saudis risk new Muslim division with proposal to move Mohamed’s tomb
Ariana Grande nude photos leak: Pictures are completely fake, say singer's representatives
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Ashya King: Parents of five-year-old boy refused permission to visit him in hospital and denied bail at Spanish court
With Douglas Carswell joining Ukip, my party has taken another giant step forward
When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
Ashya King: 'Cruel NHS has not given us the treatment we need', says father of five-year-old with brain tumour who fled to Spain
iJobs Money & Business
£35000 - £38000 per annum + benefits: Ashdown Group: A highly successful, glob...
£60000 - £75000 per annum + BONUS + BENEFITS: Harrington Starr: Business Anal...
£40000 - £50000 per annum + benefits+bonus+package: Harrington Starr: SQL Impl...
£85000 per annum: Harrington Starr: Head of IT (Windows, Server, VMware, SAN, ...