Tottenham Chairman Daniel Levy's salary was huge.
Reporter Matt Law, who works for the British Telegraph and is fluent in Tottenham's internal news, said on his personal SNS on the 8th (Korea time), `Accounting report until June 30, 2024 released by Tottenham, chairman Levi received about 3.73 million pounds (about 7 billion won). Tottenham's leadership received a total of around £5.07 million (about 9.6 billion won)."
According to an accounting report released by Tottenham at the same time last year until June 30, 2023, Levy's annual salary was about 3.59 million pounds (about 6.8 billion won). It is up about 4% in a year. However, the total salary paid by Tottenham was much higher in the 2022-2023 season. There was even a bonus in the salary.
During the 2022-2023 season, Levy received 3 million pounds (about 5.6 billion won) as a bonus from Tottenham. The total annual salary he received as chairman of Tottenham amounted to about 6.59 million pounds (about 12.4 billion won). However, there was no additional bonus for chairman Levi in the 2023-2024 season.
The total salary has been lowered, but the continued rise in Levy's salary is a bad feeling for Tottenham fans. Chairman Levi is already receiving more money than the CEO or chairman of other clubs. As of the 2021-2022 season, he received 400,000 pounds (about 750 million won) more than Brighton's Paul Balver, who was the second-largest CEO's salary. Since then, Chairman Levi's salary has been rising significantly every year.
In terms of club profits, it seems natural that chairman Levy's salary will rise as Tottenham has entered the highest level ever, but chairman Levy is actually reducing the team's salary. Tottenham cut their squad salary in 2024 compared to 2023. Only 42% of the team's annual salary accounts for the total revenue.
Based on the 2022-2023 season, Tottenham was the lowest team in the Premier League (EPL) in terms of team annual salary relative to revenue. Other EPL big six teams, Tottenham's rivals, are spending as much as 79% of their annual salary and at least 51% of their profits. Tottenham says it is trying to reduce spending by reducing the team's annual salary while raising ticket prices. However, Chairman Levi's salary is going up without stopping.
This is why Tottenham fans are angry and shouting at President Levi to leave. There were also protests from fans calling for Levy's resignation ahead of the last home game against Southampton. There is no team investment, but it is impossible to win. Just looking at Son Heung-min right now, his salary has not risen by even 1% so far since he signed his contract in the summer of 2021. There were many reasons to renew the contract and raise the treatment, such as being the top scorer and captain of the EPL, but Tottenham only invoked the one-year contract extension clause, not to renew the contract.
Of course Tottenham is an outstanding club in terms of sustainability, but this is why I can't say it's a team that really wants to win.
Reporter Kim Dae-sik rlaeotlr2024@sportschosun.com
This article was translated by Naver AI translator.
