Report: Substantial salary cut that Daniel Levy took due to a drop in club’s revenue

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Tottenham Hotspur Stadium
Dom Le Roy

The Athletic have revealed that Tottenham chairman, Daniel Levy took a 59 per cent salary cut due to the financial impact of the COVID-19 pandemic.

The club released their financial results for the previous financial year ending 30 July 2020 on Monday and it was revealed that they had made a loss of £63.9m, compared to a £68.6m profit the previous year.

A report in The Athletic has now claimed that, according to the Spurs accounts, Levy was paid £2.95 million in 2019-20, a considerable drop from the £7.01m he earned the previous year.

The report goes on to explain why the figures may not be as grim as they seem, claiming that despite fans not being allowed back into the stadiums from March, Spurs’ Premier League matchday revenue leapt from £64.2 million in 2018-19 to £81.9 million last season.

Extrapolated for the season, Tottenham’s matchday revenue comfortably surpasses Manchester United’s current record from 2016-17 of £112 million, meaning that the North Londoners will earn more on matchdays than any other club in the Premier League when normalcy returns and fans are allowed back.

Additionally, the various concerts, NFL matches and other sporting events held at the Tottenham Hotspur Stadium could push the figure even higher.

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