Football finance expert Stefan Borson has made an interesting claim about the salary that Daniel Levy earns at Tottenham and how that could be affected by the arrival of Vinai Venkatesham.
Venkatesham will join as Tottenham’s new CEO at the end of the season and will be the latest addition to the club’s board.
It remains to be seen how Venkatesham’s arrival will affect the role of senior Spurs figures, with some reports stating that Scott Munn may leave Tottenham this summer.
It has been reported by a number of sources that Daniel Levy is not expected to give up any control at Spurs despite the appointment of a new CEO.
Stefan Borson makes a claim about Daniel Levy’s Tottenham salary
Borson believes that Venkatesham is a great coup for Tottenham Hotspur, and he praised the Lilywhites for swiftly bringing the 44-year-old through the door after he parted ways with Arsenal.
However, the finance expert suggested that Levy might not be able to justify his salary any longer, given that some of his previous responsibilities will be taken over by Spurs’ new CEO.
Borson told Football Insider about Venkatesham’s appointment: “He seems to have a great reputation from Arsenal. I don’t know the situation as to why he ended up leaving. It was a bit of an odd one because he’s not of an age where you would think he’d be moving on. He’s a very experienced guy.
“It looks like he’s been on gardening leave for quite a while because you would have thought that Tottenham would have been speaking to him pretty quickly after he left Arsenal once they became aware of his availability.
“I think it’s going to be interesting to see what happens to Daniel Levy’s pay in this situation because while he’s an executive chairman doing all of the CEO-type functions, that justifies one salary.
“But once he’s executive chairman and there’s also a CEO alongside him, if that is going to be the case, then it might be interesting to see whether Daniel Levy can justify the same level of salary.
“The new CEO is going to come in and earn a commensurate salary for a CEO of a major Premier League club, which we know these days can be anything up to £2-2.5million.
“I would think they’re not going to pay for two £2.5 million salaries, that’s for sure. It’s going to be interesting to see what happens there, but I think it’s a very good hire.
“He’s going to bring a lot of knowledge from Arsenal that’s locked away in his head. I think it’s going to make Tottenham very well placed from a kind of football administration perspective.”
Levy has allegedly already taken a pay cut at Spurs
Borson’s claim comes at an interesting time as reports doing the rounds over recent weeks suggest that the Tottenham chairman has already taken a salary cut.
It was reported earlier this month that Levy’s salary has fallen from £6.6m to just £3.7m in 2023-24, a staggering £2.9m reduction.
While the 63-year-old might not be giving up control of Spurs anytime soon, it does look like he is putting his money where his mouth is after Levy issued a warning about Tottenham’s unsustainable spending last month.