Saturday, 06 June, 2020


Tottenham accounts show Daniel Levy’s £3m stadium bonus

A video screen announces that a penalty shot is awarded to Manchester City during the English Premier League soccer match between Tottenham Hotspur and Manchester City at the Tottenham Hotspur Stadium in London England Sunday Feb. 2 202 Coronavirus: Levy announces Tottenham wage cuts players urged to 'do their bit'
Noah Ferguson | 04 April, 2020, 11:24

I hope we will never take for granted so many basic things such as getting off the train at Seven Sisters, walking along Tottenham High Road, entering our stadium with our family and friends, and buying a beer and pie ahead of watching Spurs play at home.

"When I read or hear stories about player transfers this summer like nothing has happened, people need to wake up to the enormity of what is happening around us", said Levy.

"It seems to be unfortunate timing, ' he writes on Twitter about the relationship between the accounting information for one of the club's most successful seasons ever" held up against the coronapandemi, which is now forcing the club to cut down.

Not only did this coincide with the club releasing their financial figures, which revealed that Levy earned an extra £3million on top of his £4m salary for overseeing the completion of the club's new stadium, but Tottenham's players are also for the time being still earning their wages in full despite them on average pocketing a mammoth £70,000 a week.

"I thought the Government were going to pay ordinary people who are struggling and help small businesses who are struggling".

"But you are talking here about a club where their players earn £10-12 million a year". I can't believe it.

Attempting to put football into perspective, Levy said in a passionate statement: "Every person on this planet will be affected and in my lifetime I can not think of something so impactful". But as Daniel Levy points out in its communication on the cuts. Spurs footballers are expected to follow suit and accept a pay cut. "Lives are at stake - that is what is wrong in football at the moment".

Last year's Champions League finalists Tottenham, as well as Newcastle and Norwich, have faced a backlash for using the British government's furlough scheme, which will guarantee 80 percent of employees' income up to a maximum of pound sterling2,500 ($3,000) a month.

"It sticks in the throat", said lawmaker Julian Knight, who chairs the Commons Digital, Culture, Media and Sport Committee, referring to the use of public funds to prop up wage bills.

On the same day that the club published accounts covering 2018/19 which showed Levy had been paid £7 million in salary, he and other non-playing directors and employees at the club will take a cut in salary, initially for April and May.

Clubs across Europe have taken steps to reduce their costs and explaining why Spurs, who only moved into their £1 billion state-of-the-art new stadium a year ago, have taken their own action, Levy said it was important everyone in football did their bit for the greater good of the game.

However, Bournemouth boss Eddie Howe on Wednesday became the first EPL manager to take a voluntary pay cut.

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