I'm guessing that's complete bullshit as, based on a 37.5 hour week, that's below the legal minimum wage!
Now I know Pasha would love that to be possible but, I suspect, not even he would go that far.
'Immoral yes, illegal no' - seems to be the operating model at the moment.
As far as I'm aware the club meets all its UK statutory financial obligations (taxes, paying staff, etc.) - bloody clever of them as it means no great media spotlight. It's one of the reasons we don't get the publicity of the likes of Wednesday and Reading!