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thekneaf

Well-Known Member
Jan 18, 2011
1,933
3,878
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's non playing staff
 

spursfan77

Well-Known Member
Aug 13, 2005
46,680
104,957
Well, he might be able to justify it financially, but cutting these wages by 20% and dipping into the public purse seems miserably mean spirited, especially in the light of his bonus. Says everything about the club and its priorities I'm afraid.

But they've paid their taxes and so are allowed to like any other company. I cant get mad about it I'm afraid. I'll be annoyed if the top division players don't take wage cuts.
 

jurgen

Busy ****
Jul 5, 2008
6,711
17,170
Well, he might be able to justify it financially, but cutting these wages by 20% and dipping into the public purse seems miserably mean spirited, especially in the light of his bonus. Says everything about the club and its priorities I'm afraid.

As you say, business-wise it's valid, optically and morally it's not the best look. Property developers first, football club second. We'll lose glory hunter supporters to British Land rather than Man City.
 

Yid-ol

Just-outside Edinburgh
Jan 16, 2006
31,097
19,276
When every other club goes bust due to paying their staff during this difficult time, us and Newcastle can play a 2 team Premier League - we may even win a trophy at last! :woot:

You know we would still find a way to lose :LOL: :X3:
 

Lighty64

I believe
Aug 24, 2010
10,400
12,476
If that money does make a difference then I'm aligned with what PeeEyeEmPee said:

"If it were, then that would mean spectacular mismanagement on the part of Levy and the rest of the board. It's their job to ensure the club is on a sound footing financially, not ours or the government's. And for the past however many years, that's pretty much all they've been telling us they're doing. "

how the hell can you man manage a pandemic that has no timescale on it. I posted a reply to pee about money we won’t receive if the season becomes null and void, the cost of those losses will be anything from 100-150m. You also have to tie in possible refunds, and the fact we won’t be selling season tickets or anything premium until an end date is insight.

tell me how anyone man manages for that. If you know your going to be making or possibly making significant losses you make cuts according wherever possible to make those losses less hurtable that’s man management
 

thecook

Well-Known Member
Jan 17, 2009
5,576
10,965
Maybe insurance companies won't cover it?

Aberden had some business interruption cover, however unfortunatley for them it expires 30 April and the policy wording will of course be changing so they can't claim after this date. So some form of insurance is possible
 

Lifelong

Well-Known Member
Aug 22, 2013
762
1,855
So other clubs are doing the ‘right’ thing. Well done them but I really couldn’t give a toss about them. All I’m interested in is our club still being around after all this and if that means making decisions that people don’t like then so be it. None of us know how long this will last. Most of don’t have a clue about running a small business let alone a multi million pound one. We could be bleeding money for all we know and the income tap has been turned off overnight so it is having an effect on us. And as far as the players go, the PFA are even telling them to stand firm and not accept any pay cuts. Only time will tell who did the right thing and the right thing for one club might not suit another. I think one thing is certain though, there will be some clubs going to the wall over this along with many other businesses, taking people with them along the way, spurs fans included. So in the scheme of things us furloughing 550 staff really isn’t the scandal some people are making it out to be.
 

LeSoupeKitchen

Well-Known Member
Aug 18, 2011
3,102
7,621
how the hell can you man manage a pandemic that has no timescale on it. I posted a reply to pee about money we won’t receive if the season becomes null and void, the cost of those losses will be anything from 100-150m. You also have to tie in possible refunds, and the fact we won’t be selling season tickets or anything premium until an end date is insight.

tell me how anyone man manages for that. If you know your going to be making or possibly making significant losses you make cuts according wherever possible to make those losses less hurtable that’s man management

As I said before, if we were having this conversation in a few months time my position might soften a bit. It's the fact we've dipped into taxpayers money so quickly.

We might need the money in the future but should only take what we need right now. If we absolutely need £1M a month right now then I stand by my comments about Levy mismanaging the business.

If we're taking the money because we MIGHT need it in future then that is the exact same thing as panic buying! The prudent thing for people to do is clear the shelves of pasta, tinned tomatoes, flour etc in case they MIGHT need it. They're legally allowed to do it. However, I think everyone agrees, people who do that are utter c***s and as they deprive others who DEFINITELY need it. This money has to come from somewhere so every penny we pocket now just in case we need it will deprive someone down the line of something they need.
 

Trees

Well-Known Member
Aug 31, 2012
1,534
4,203
So other clubs are doing the ‘right’ thing. Well done them but I really couldn’t give a toss about them. All I’m interested in is our club still being around after all this and if that means making decisions that people don’t like then so be it. None of us know how long this will last. Most of don’t have a clue about running a small business let alone a multi million pound one. We could be bleeding money for all we know and the income tap has been turned off overnight so it is having an effect on us. And as far as the players go, the PFA are even telling them to stand firm and not accept any pay cuts. Only time will tell who did the right thing and the right thing for one club might not suit another. I think one thing is certain though, there will be some clubs going to the wall over this along with many other businesses, taking people with them along the way, spurs fans included. So in the scheme of things us furloughing 550 staff really isn’t the scandal some people are making it out to be.
[/QUOTE
I actually don’t have an issue with furloughing employees. There is probably nothing for them to do at the mo...... but wait until the playing staff have done the same thing. TERRIBLE PR
 

TheRevolution

Well-Known Member
Nov 25, 2018
873
2,304
The CEO of my company took a paycut to minimum wage to protect his staff. We are a way smaller company than Tottenham. As one of the highest paid chairmen in football why can't Levy stand up and be the leader he is supposed to be and take a few months of poor pay to protect his club?

Shame on the players too. Wouldn't harm them to all give up a weeks wages to contribute?
 

LeSoupeKitchen

Well-Known Member
Aug 18, 2011
3,102
7,621
Think you've hit a nail there morally I can see why people don't like it but in the interests of our club he's doing what he needs to do. Gonna take a wild swing and say that those complaining that he's doing this which in turn could potentially save us millions are the same ones who want him to spend big money on players in the summer - can't have it both ways.

I could turn this around though and say:

Gonna take a wild swing and say that those saying Levy is doing the right thing by letting the Government pay staff salaries are the ones who constantly cry about Tory cuts and there being no money for critical services - can't have it both ways.
 

Monkey boy

Well-Known Member
Jun 18, 2011
6,381
17,040
All I know is that the backlash when we next make a signing whether that be for £1m or £50m is gonna be met with a bombardment of bad press and resentment from the media and your average Joe.

it’s really not a good look is this.
 

Shadydan

Well-Known Member
Jul 7, 2012
38,247
104,143
I could turn this around though and say:

Gonna take a wild swing and say that those saying Levy is doing the right thing by letting the Government pay staff salaries are the ones who constantly cry about Tory cuts and there being no money for critical services - can't have it both ways.

You keep swinging away, one day you might actually hit something ;)
 

For the love of Spurs

Well-Known Member
Mar 28, 2015
3,444
11,252
In these times it’s inevitable you will have judgements made when people and the country is suffering. We probably don’t know the full facts yet and the players may take a wage cut along with the rest of the league together but I think Levy needs to set the example and suspend or reduce significantly his wage if he is going down this route.

Its not a good look though and Levy’s reputation will be of a man who sells his granny if he can get a few extra quid.
 

Lighty64

I believe
Aug 24, 2010
10,400
12,476
As I said before, if we were having this conversation in a few months time my position might soften a bit. It's the fact we've dipped into taxpayers money so quickly.

We might need the money in the future but should only take what we need right now. If we absolutely need £1M a month right now then I stand by my comments about Levy mismanaging the business.

If we're taking the money because we MIGHT need it in future then that is the exact same thing as panic buying! The prudent thing for people to do is clear the shelves of pasta, tinned tomatoes, flour etc in case they MIGHT need it. They're legally allowed to do it. However, I think everyone agrees, people who do that are utter c***s and as they deprive others who DEFINITELY need it. This money has to come from somewhere so every penny we pocket now just in case we need it will deprive someone down the line of something they need.

so you would be willing to gamble with peoples jobs in the future rather than taking the safe way out now, because I can guarantee we will more likely be talking about this in 2 months. If we find out in 2 months that the season is null and void will you be okay with not being refunded for a quarter of your season ticket because we carried on paying 550 people wages when we could of prevented it.

actual fact don’t answer that, as your answer would be that ENIC are rich enough let them pay for it out of their own pocket
 

Saoirse

Well-Known Member
Aug 20, 2013
6,143
15,550
No player is going to give up their money now while clubs are still insisting that the season will finish. Why should they put themselves in a position where they'd end up being paid less for playing the same amount of games in a more congested period of time? Additionally, why would they take away their own leverage when clubs are threatening to restart while their health may still be at risk? The most they'll agree to right now is deferrals, but then the clubs will end up paying them the full amount eventually even if the season doesn't finish and/or next season is truncated/cancelled. Like it or not, with fixed contracts they have infinitely more power than normal staff, and it's hard to see how a deal can be done while there's this much uncertainty over what they'll be providing. If you're happy with the way our social and economic hierarchy is set up in normal times, you can't complain when it doesn't suddenly change in a crisis.
 

LeSoupeKitchen

Well-Known Member
Aug 18, 2011
3,102
7,621
so you would be willing to gamble with peoples jobs in the future rather than taking the safe way out now, because I can guarantee we will more likely be talking about this in 2 months. If we find out in 2 months that the season is null and void will you be okay with not being refunded for a quarter of your season ticket because we carried on paying 550 people wages when we could of prevented it.

actual fact don’t answer that, as your answer would be that ENIC are rich enough let them pay for it out of their own pocket

Ok - we're clearly not going to agree. I think you're crazy to think £1M a month will put the business at risk. You're right about everything if the money right now is a matter of life or death for the club. If you believe that then I cannot make an argument against it.

In my opinion we have player assets we should sell before getting to the point of government help.

To directly answer your question - no I would not be happy to not get a refund. But I would rather Levy put up season ticket prices next year to cover it if it comes to that.
 
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