Richard Carr in the Archives: Tycoon gets £163,000 rise

During the early 1990s Richard Carr was a regular on the front page of the Evening Echo as a result of his business ventures. In late October in 1991, he was pictured on the front page under the headline ‘Tycoon gets £163,000 rise’.

“I’m worth every penny”

Richard Carr Tycoon gets riseWas Richard Carr’s response. Described as a flamboyant local business tycoon, the paper reported that his pay rise took his annual salary from £99,000 to £262,000.

Richard, who are the time was running his self-made business Allied Leisure, left school without a single O-level and went on to run a major public company employing over 1,000 people.

He defended his pay rise, telling the Echo: “I am very good value and worth every penny. I am not in the slightest bit embarrassed about the rise.

“Company executives in this country are grossly underpaid. I believe in paying people well and that goes for all my directors and staff.”

Allied Leisure on the rise

The Echo found Richard’s pay rise in Allied Leisure’s annual accounts, which reported a 19% rise in pre-tax profits from £2.61m to £3.1m.

The Poole-based company owned 12 Megabowl ten-pin bowling centres in the UK and in 1991 were planning on building a further two by the end of the year.

Allied Leisure also owned nightclubs such as Clouds and Zig Zags in Bournemouth as well as theme pubs and ran part of the Tower Park complex in Poole.

Renowned for charitable donations

Despite the paper’s making headline news out of Richard’s pay rise, they did commend his charitable nature. He donated £100,000 to Prince Charles’ Business Venture Trust and saved this year’s Bournemouth Regatta by financing the Red Arrows and fireworks.

About Richard Carr

With over three decades of experience in the Leisure and Hospitality sectors, Richard Carr has developed a broad range of skills and qualities.

Furthermore, he is widely regarded in the UK leisure industry as being one of the most innovative operator, having won many accolades. Has a very fertile imagination and a passion for architecture and design.