Tottenham furlough staff with 550 employees taking 20 per cent pay cuts as accounts show Daniel Levy is highest-earning Premier League club executive
- March 31, 2020
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The financial fallout from the COVID-19 crisis has begun to show, and Spurs are reacting by giving non-playing staff a 20 per cent pay cut.
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In a statement, the club’s chairman Daniel Levy announced 550 employees will be paid 80 per cent of their salary for the next two months, with the Government’s furlough scheme utilised.
“The Club’s operations have effectively ceased, some of our fans will have lost their jobs and most will be worried about their future,” read Levy’s statement.
“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.
“We have seen some of the biggest clubs in the world such as Barcelona, Bayern Munich and Juventus take steps to reduce their costs.
“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.”
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