Levy backs payout decision

0
Tottenham Hotspur Stadium
Dom Le Roy

Tottenham Hotspur chairman Daniel Levy has backed the decision to award outgoing Premier League boss Richard Scudamore with a bumper £5million bonus.

The original plan was for each Premier League club to stump up £250,000 each to find the golden handshake payment but will receive the money from central funds.

Scudamore has already earned almost £30m during his 19 years at the organisation. He will receive the payment over a three-year period “in recognition of his outstanding work” and will remain with the Premier League in an advisory capacity.

The Premier League’s UK television rights were valued at about £670m when Scudamore joined the organisation in 1999, while the most recent deal was worth a staggering £5.14bn.

Earlier on Thursday, Premier League clubs had been urged not to agree to the £5m payment by the Football Supporters’ Federation.

Levy who is known for keeping a firm hold of the purse strings at Tottenham was in favour of the decision of a £5m golden goodbye that was decided without a vote.

He was quoted by The Guardian as saying: “Richard has made an outstanding contribution to English football,”

“The Premier League is the most supported league the world and he has unique knowledge and experience, which is going to be an ongoing benefit to the Premier League over the next three years.

“We were all very supportive. It was an absolutely fair payment. It was a discussion for the Premier League to make a decision because it’s a central cost and all the clubs were behind it.”

Have something to tell us about this article?

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.