Chairman Levy paid £3m bonus

Tottenham chairman Daniel Levy was paid a £3 million bonus for delivering the club’s new stadium.

The hefty gift, which was additional to his £4m salary, was deferred from 2018 after Spurs moved into their 62,000-seater stadium – which some regard as the best in the world – last April.

Levy was paid the bonus almost a year ago in 2019 and on Monday took a 20% pay cut along with all other non-playing staff as the club combats the coronavirus crisis.

The club accounts, published on the Companies House website, read: “The total aggregate remuneration of directors, who are deemed to represent key management personnel, for the year ended 30 June 2019 was £6.4m.

“However, this amount excluded a bonus which was deferred from the year ended June 30 2018 as it was contingent upon the completion of the stadium, which amounted to £3.9m, making the total aggregate remuneration for the year ended June 30 2019 £10.3m.

“The highest paid director received remuneration of £4m for the year in addition to the bonus deferred from the prior year of £3m, as explained above.”

The club also announced they are reducing the salaries of nonplaying staff by 20% as a result of the coronavirus pandemic.

It means that 550 employees will endure the cuts for the next two months and comes after Newcastle furloughed their staff.

“The club’s operations have ceased, some of our fans will have lost their jobs and most will be worried about their future,” said Levy.