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Men’s Football Daniel Levy paid £3m bonus as staff forced to take 20 per cent pay cut

TOTTENHAM announced chairman Daniel Levy was paid a £3 million bonus for delivering the club’s new stadium, despite it being finished late, on the day it was revealed that the club had reduced the salaries of non-playing staff by 20 per cent because of the coronavirus pandemic.

The hefty gift, which was additional to his £4m salary, was deferred from 2018, after Spurs moved into their 62,000-seater stadium — widely regarded as the best in the world — last April.

Levy was paid the bonus almost a year ago and on Monday took a 20 per cent pay cut along with all other non-playing staff as the club look to combat the coronavirus crisis.

The measure means that 550 employees will endure the cuts for the next two months. It comes after Premier League rivals Newcastle furloughed their staff.

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

“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 mean time, 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.

“[On Monday], 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 per cent utilising, where appropriate, the government’s furlough scheme.”

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