It has been revealed that Daniel Levy has accepted a substantial pay cut this season after Tottenham Hotspur posted a loss for the fourth accounting year in a row.
Tottenham released its financial results for the year ending June 2024, with the accounts showing that the club had posted losses to the tune of £26.2m.
Along with the results, there was also a message from Daniel Levy, where the Spurs chairman warned that the club’s transfer spending over the last few years is not sustainable.
Some have questioned how Levy can justify paying himself a big salary while raising concerns about the club’s long-term financial health.
Daniel Levy takes a huge pay cut at Tottenham
Football Insider have now claimed that Levy has put his money where his mouth is by accepting a huge reduction in his salary.
The outlet combed over the club’s latest financial statements, and they say that Levy, who was the Premier League’s highest-paid director, has forgone a huge chunk of his payout.
It is revealed that the Tottenham chairman’s salary fell from around £6.6m in the year before to just £3.7m in 2023-24, a staggering £2.9m reduction.
MORE SPURS STORIES
How much has Levy earned across his tenure as Spurs chairman?
Some Tottenham Hotspur fans will feel that the 63-year-old’s decision to take a pay cut has been a long time coming.
Since taking over as the club’s chairman back in 2001, Levy is estimated to have been paid £51m in total, which is comfortably more than any other chairman or director during that time.
Given the way things have gone on the pitch for the Lilywhites over the last five or six years, it would have been difficult for the Tottenham supremo to continue justifying such a high salary.