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Jaddas

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Aug 15, 2008
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Last 6 results:

W 0
L 5 (inc pen loss to Norwich)
D 1

Been leading, managing and playing (mostly), like they had a salary cut a while ago.
 

spursfan77

Well-Known Member
Aug 13, 2005
46,680
104,956
All the media trying to whip fans into an anti levy storm by mentioning his salary and bonus and also the salary issue for non playing staff. Whilst at the same time failing to acknowledge that the two incidents happened months apart. He probably got the bonus in the middle of last year when the stadium opened, not this week when taking advantage of the government’s coronavirus financial matters.
 

SirHarryHotspur

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Aug 9, 2017
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“When I read or hear stories about player transfers this summer like nothing has happened, people need to wake up to the enormity of what is happening around us,” he said. “With over 786,000 infected, nearly 38,000 deaths and large segments of the world in lockdown we need to realise that football cannot operate in a bubble.
“We may be the eighth largest club in the world by revenue according to the Deloitte survey but all that historical data is totally irrelevant as this virus has no boundaries."

Do we think he was referring to Chris Sutton comments on Harry Kane , it is ridiculous talking about possible transfers while this virus is causing so much harm. Time for football pundits to shut up for a while.
Everyone goes on about our revenue but what about the debt , where do we stand in the debt league , quite near the top I would have thought.
It really is time for players to start taking cuts.
 

Trotter

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Jan 30, 2009
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All the media trying to whip fans into an anti levy storm by mentioning his salary and bonus and also the salary issue for non playing staff. Whilst at the same time failing to acknowledge that the two incidents happened months apart. He probably got the bonus in the middle of last year when the stadium opened, not this week when taking advantage of the government’s coronavirus financial matters.

Well maybe now would be the time he announced under the circumstances he would be repaying the £3m bonus he gave himself (or donate it), and at the same time reduce his own salary by 20%
 

LeSoupeKitchen

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Aug 18, 2011
3,102
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Levy still has:

- all our season ticket money (and all the credit where seats have been sold on ticket exchange so has money from selling thousands of seats twice)
- all the TV money
- and I'd be surprised if he didn't have all sponsorship money

Yet only weeks from our last game we need a bail out.
 

SirHarryHotspur

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Aug 9, 2017
5,003
7,419
Well maybe now would be the time he announced under the circumstances he would be repaying the £3m bonus he gave himself (or donate it), and at the same time reduce his own salary by 20%

Think the 20% is everyone at the club apart from players....
" to reduce the remuneration of all 550 non-playing directors and employees for April and May by 20%"
 

SirHarryHotspur

Well-Known Member
Aug 9, 2017
5,003
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Levy still has:

- all our season ticket money (and all the credit where seats have been sold on ticket exchange so has money from selling thousands of seats twice)
- all the TV money
- and I'd be surprised if he didn't have all sponsorship money

Yet only weeks from our last game we need a bail out.


Think all that money is in Lyon's & Ndombele's bank account .
 

Timbo Tottenham

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May 7, 2006
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Think the 20% is everyone at the club apart from players....
" to reduce the remuneration of all 550 non-playing directors and employees for April and May by 20%"

I am assuming that the club are doing what every business in Britain is doing and furloughing staff, so that they stay at home, not work, will picking up 80% of their salary or £2,500, whichever is lower.

The players are officially still working, whilst training from home as are the coaching staff and Levy himself.

I feel that there are many sticks to bash Levy with, but this isn’t one of them, he’s merely doing what every business is doing by using the government grant to pay staff while they are on lockdown at home and not working.
 

spursfan77

Well-Known Member
Aug 13, 2005
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Well maybe now would be the time he announced under the circumstances he would be repaying the £3m bonus he gave himself (or donate it), and at the same time reduce his own salary by 20%

He is reducing his salary by 20% isn’t he along with the other directors?

Why would he pay back a bonus? Nobody in any industry would do that without there being terms to its original payment.

He’s not really the one to get your knickers in a twist about. It will be the players should they not reduce their salaries. Again, we don’t know yet if they aren’t. A lot of people getting riled up over not much the regular fan can do about at this stage.
 

LeSoupeKitchen

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Aug 18, 2011
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I am assuming that the club are doing what every business in Britain is doing and furloughing staff, so that they stay at home, not work, will picking up 80% of their salary or £2,500, whichever is lower.

The players are officially still working, whilst training from home as are the coaching staff and Levy himself.

I feel that there are many sticks to bash Levy with, but this isn’t one of them, he’s merely doing what every business is doing by using the government grant to pay staff while they are on lockdown at home and not working.

Staff should stay at home but we can afford to pay them so not ok to use the government scheme.

Also - have our financials actually been hit yet?
 

spursfan77

Well-Known Member
Aug 13, 2005
46,680
104,956
I am assuming that the club are doing what every business in Britain is doing and furloughing staff, so that they stay at home, not work, will picking up 80% of their salary or £2,500, whichever is lower.

The players are officially still working, whilst training from home as are the coaching staff and Levy himself.

I feel that there are many sticks to bash Levy with, but this isn’t one of them, he’s merely doing what every business is doing by using the government grant to pay staff while they are on lockdown at home and not working.

But. Agenda.
 

Bobbins

SC's 14th Sexiest Male 2008
May 5, 2005
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The response to this from the vast majority - who have absolutely no idea what they're talking about - has been pathetic.

Any stick to beat Levy with (and I have beaten him with a few big ones over the years) - this is not one of them.

The players are not employees.

Levy is taking a pay cut.

Every single club in the country will do this very soon. We were just first.
 

Timbo Tottenham

Well-Known Member
May 7, 2006
2,257
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Staff should stay at home but we can afford to pay them so not ok to use the government scheme.

Also - have our financials actually been hit yet?

Your probably right. But I work for one of the biggest production companies on the planet and I’ve been furloughed. We’ll be one of the last industries to go back to work as they will want to protect their stars. No one in the media is asking for actors, directors or execs to pay our salaries.

Every major company is doing it, it doesn’t make it ok, but we shouldn’t be singling out our chairman for criticism.
 

swarvsta

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Jul 25, 2008
773
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Do you honestly feel this way? Do you really think business should plough on taking advantage of any loopholes within regulations without breaking the law?

Morally, no - it is not the right thing to do.

From a business perspective, why wouldn’t you abuse it? Most businesses sole purpose is to generate profit.

The government scheme is open to abuse, and sadly this is what will happen.

On the flip side, many will feel the government ‘owe them’ something in return, and won’t lose any sleep over this.
 

Trotter

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Jan 30, 2009
2,169
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He is reducing his salary by 20% isn’t he along with the other directors?

Why would he pay back a bonus? Nobody in any industry would do that without there being terms to its original payment.

He’s not really the one to get your knickers in a twist about. It will be the players should they not reduce their salaries. Again, we don’t know yet if they aren’t. A lot of people getting riled up over not much the regular fan can do about at this stage.

If he is going to the government, cap in hand after just awarding himself a £1m pay rise, and £3m bonus, then as the owner, he should be looking at home firt.
And also why reduce staff by 20% salary, can he not afford to pay them the 20% delta like most companies in this situation are doing, with our record profits ?
 

LeSoupeKitchen

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Aug 18, 2011
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Your probably right. But I work for one of the biggest production companies on the planet and I’ve been furloughed. We’ll be one of the last industries to go back to work as they will want to protect their stars. No one in the media is asking for actors, directors or execs to pay our salaries.

Every major company is doing it, it doesn’t make it ok, but we shouldn’t be singling out our chairman for criticism.
Morally, no - it is not the right thing to do.

From a business perspective, why wouldn’t you abuse it? Most businesses sole purpose is to generate profit.

The government scheme is open to abuse, and sadly this is what will happen.

On the flip side, many will feel the government ‘owe them’ something in return, and won’t lose any sleep over this.

So to sum up:

- It's not morally right
- Our financials havent been hit yet

During normal times I grudgingly accept that business is business. The fact that everyone is sticking to this mantra in times like this and calling other people pathetic for expecting a bit of decency is....pathetic.
 

LeSoupeKitchen

Well-Known Member
Aug 18, 2011
3,102
7,621
Your probably right. But I work for one of the biggest production companies on the planet and I’ve been furloughed. We’ll be one of the last industries to go back to work as they will want to protect their stars. No one in the media is asking for actors, directors or execs to pay our salaries.

Every major company is doing it, it doesn’t make it ok, but we shouldn’t be singling out our chairman for criticism.

Has production been massively hit by this though?
 

spursfan77

Well-Known Member
Aug 13, 2005
46,680
104,956
If he is going to the government, cap in hand after just awarding himself a £1m pay rise, and £3m bonus, then as the owner, he should be looking at home firt.
And also why reduce staff by 20% salary, can he not afford to pay them the 20% delta like most companies in this situation are doing, with our record profits ?

But then you’ll get fans asking why we aren’t spending loads in the transfer window.

I’m not sure how he can win. How much would you like him to be paid for instance? In comparison to other premier league chairman where do you think he should sit?
 

joelstinton14

Well-Known Member
Aug 23, 2011
1,295
3,429
It certainly isn’t great optics but I think a lot to fans across the country are going to be hit hard by the realities of how modern football clubs are run in the coming weeks. There are a lot of clubs where their wage bill accounts for 70-80% of their total turnover and If there is no week to week income, this could get quite messy.

having said that, no normal member of staff particularly those of Premier League clubs should lose their job over this, or lose material wealth (house etc). Players really do need to collectively agree a cut and a portion of those funds are put aisde so people don’t lose jobs and their lively hoods.
 
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