Football

Tottenham chief Levy confirms coronavirus wage cuts in strong-worded statement


Tottenham chief Daniel Levy has confirmed the club have given non-playing staff a 20 per cent pay cut as the financial fallout from the coronavirus pandemic begins to show.

Spurs have followed Premier League rivals Newcastle in furloughing staff, with 550 employees getting 80 per cent of their salary for the next two months.

In a strong-worded statement released on Tuesday, Levy has also opened up on the challenges of running the Premier League club during this economic uncertainty.

Levy, who is also taking a cut, said: “We have seen some of the biggest clubs in the world such as Barcelona, Bayern Munich and Juventus take steps to reduce their costs.

Tottenham chief Daniel Levy has spoken out over the coronavirus crisis

“Yesterday, having already taken steps to reduce costs, we ourselves made the difficult decision – in order to protect jobs – to reduce the remuneration of all 550 non-playing directors and employees for April and May by 20% utilising, where appropriate, the Government’s furlough scheme.

“We shall continue to review this position.”

The Spurs supremo also backed the Government’s decision to effectively shut down the country, despite the lockdown seeing many industries “crushed”.

Spurs have followed Newcastle in furloughing staff

He added: “The decision by governments around the world to effectively close down economies with unheard of peacetime impacts on civil liberties in order to minimise the terrible effects of the COVID-19 pandemic is the right one to protect human lives.

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“The crushing devastation on industries in many countries, the inter-dependence of international trade and travel in every aspect of our daily life is only now beginning to be felt.

“Every person on this planet will be affected and in my lifetime I cannot think of something so impactful.

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“The Club’s operations have effectively ceased, some of our fans will have lost their jobs and most will be worried about their future.

“Our sponsors will be concerned about their businesses and our media partners have no certainty when we may play games again or whether we will be allowed to play in front of our fans.

“In the meantime, the Club has an annual cost base running into hundreds of millions of pounds.”





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