The UCI today released a report for the first time indicating the salary that former president Irishman Pat McQuaid was earning at the time he lost the election to Brian Cookson.
Following the first meeting of the UCI’s management committee since Brian Cookson defeated McQuaid in the UCI presidential election in Florence last month, a statement has been released confirming what salary Cookson will receive and how it compares to McQuaid’s remuneration.
It shows McQuaid was being paid more than $500,000 per year when he left office. Cookson is to take a salary cut and will be paid $378,00.
The section of the statement that reveals the salary details reads as follows:
“The UCI management committee…. received information on the remuneration in place for the president and the results of the review of that package which was undertaken by the vice presidents. In light of this information the meeting agreed, with the full agreement of Brian Cookson, an annual salary of CHF340,000 (€275,000) for the new UCI president . This package to be subject to an annual review by the newly created remuneration committee.”
It is the first time McQuaid’s salary has been revealed. He had declined to publish details of his salary when in office and those details were not included in the UCI’s annual accounts.
The UCI statement added the extraordinary meeting of the management committee held today, Tuesday, had also agreed “a number of important measures aimed at restoring trust in the UCI and laying the foundations for renewed growth in cycling worldwide”.
Most of the measures seek to progress promises made by Cookson during the recent election, including efforts to establish an independent anti doping operation next year and also investigating allegations of past wrongdoing at the UCI. Specifically they include:
Cookson described today’s management committee meeting as an “important moment” for the UCI.
“(We) put in place a number of measures to restore trust in the UCI and ensure our great sport is able to move forward,” he said in a statement.
“I would like to thank my management committee colleagues for the professional and collegiate way they approached today’s meeting and I am encouraged by the strong sense of common purpose.”
“We have made important decisions on women’s cycling, international development, the establishment of a fully independent anti-doping unit and an independent commission to look into allegations of UCI wrong-doing. We have also started the process of modernising the UCI’s constitution.”
“There is a huge amount of work to do in the coming months and beyond, but I am excited by the passion and support my colleagues have shown for implementing a real programme of change for the good of cycling.”
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