Levy tells players to accept wage cuts as he reveals his own bumper £7m pay packet THAT’S RICH , DANIEL
DANIEL LEVY has told players to accept wage cuts – on the day it was announced that last year he pocketed £7million in pay.
The Tottenham chairman revealed that non-playing staff at the club will receive 20 per cent less in their April and May pay packets.
And he said: “We hope the discussions between the Premier League, PFA and LMA will result in players and coaches doing their bit for the football ecosystem.”
Indications from PFA boss Gordon Taylor, right, are that players may try to hold out for a deferral of wages rather than a pay cut – a move which would simply put pressure on football finances at a time when the sport is trying to get on its feet again.
With all matches cancelled until April 30 at the earliest,Tottenham felt that it was necessary to make reductions among their 550 directors and
employees not on the playing staff, who are protected from being forced to take pay cuts by FA rules.
Levy’s pay will also be reduced, but the significance of that was put into perspective when it emerged from figures filed the same day that the Tottenham chairman earned £4m last year in basic salary. That was in addition to the £3m bonus he was paid just under 12 months ago to mark the completion, finally, of the club’s new stadium.
Meanwhile, Burnley claim they can handle the uncertainty after posting net profits of £4.3m.
Burnley’s latest figures for the 12 months up to June 2019 show they are in the black for a third successive year, although their profits are down from
the previous record level of £36.6m. The Clarets are paying all matchday and nonmatchday casual staff while football is suspended and chairman Mike Garlick is confident they will come through this challenging time.