Never seen a report that contradicts that purchase price, and the annual accounts record the amount of directors remuneration each year so not exactly hard to prove. Don't know which independent body decides upon that figure so who knows? There is an argument to say he is worth it, but on the face of it, over 25 years, considering the annual figure has been over £200k in the past, he could well have been remunerated with a higher total figure than the £1.55m Tony Smith actually invested in the club.
Former Watford directors issue writ to Gillingham chairman Paul Scally | Watford Observer
Paul Scally - Wikipedia
So he has effectively been saying to prospective investors "do as I ask, not what I do". I wonder why he has not been successful in that endeavour?