Tottenham chairman Daniel Levy was affected in the pay cut which Tottenham Hotspur non-players has accepted to take. The chairman was earning £7m as at last year which includes £4m in wages and £3m for the completion of Tottenham’s stadium move. Being that he is among the non-playing staffs he and the directors and employees at the club have all accepted to take a cut in salary.
The cut starts from this Month April and it will also extend to May next month, the club will use the government’s furlough scheme to protect jobs of their works. Tottenham Hotspur which is owned by Joe Lewis a billionaire who acquired it through his investment firm Tavistock and has a new worth of £4.358bn proposed the cut and it was accepted.
According to Daniel Levy he said: “The crushing devastation on industries in many countries, the interdependence of international trade and travel in every aspect of our daily life is only now beginning to be felt. The chairman also said: “Every person on this planet will be affected and in my lifetime I cannot think of something so impactful,” he said.
With over 786,000 already infected and nearly 38,000 deaths with almost the whole world under lockdown, it will be very hard now to pretend all is well. This pay-cut will help in channeling more finace to the governemnt to help fight the COVID 19 virus pandeemic in the world.
Daniel Levy also said in a statement that: “We may be the eighth largest club in the world by revenue, according to the Deloitte survey, but all that historical data is totally irrelevant as this virus has no boundaries.”
Julian Knight who is the Chair of the Department for Digital, Culture, Media and Sport committee also commented on the case, supporting the decision he said: “this exposes the crazy economics in English football and the moral vacuum at its centre”. “It sticks in the throat that clubs are continuing to pay their stars hundreds of thousands a week while furloughing staff on a few hundred pounds a week.”
Levy said Tottenham Hotspurs will continue to review their position. “We hope the current discussions between the Premier League, PFA and LMA will result in players and coaches doing their bit for the football eco system. “I have no doubt we will get through this crisis but life will take some time to get back to normal.”
Tottenham Hotspur becomes the second English Premier League side to take pay-cut after Newcastle United who did theirs o Monday to become the first Premier League club to put non-playing staff on leave. Clubs accrose Europa has done the pay-cut since with Juventus accepting to freeze four months of their pay.
Mnachester City and German midfielder Gundogun said earlier this week when he said it will fair if the league is given to Liverpool that players in England should also start donating and taking pay-cut to help fight the coronavirus which is now a global pandermic.
