Tottenham: Daniel Levy blasted for ‘Metaphorical Bomb’ as £3.6million update emerges this week
Tottenham chairman Daniel Levy might have somehow managed to make himself an even more unpopular figure in North London.
With business booming at the Tottenham Hotspur Stadium, fans would have been very curious to cast an eye over Spurs’ financial results for the year ending 30 June 2023, which were posted to the club’s official website on Wednesday (3 April).
While there was a lot of information to digest, one figure would have stood out above everything else, especially for those of a ‘Levy/ENIC Out’ persuasion.
Levy, who is already the best-paid administrator in English football, has seen his salary increase from £3.3million to £3.6million.
And as Tottenham season ticket holder Paul Newman made so clear in his column in the Daily Mail (page 69, 4 April), the timing of this pay rise couldn’t be worse.
With Spurs having recently announced that season ticket prices would be rising by six per cent, and concessions for senior supporters were to be removed, it has become slightly clearer where some of that money will be going.
And Newman is not best pleased, to say the least, and it is not difficult to imagine that a lot of Tottenham supporters will likely be in agreement with what he has had to say.
Daniel Levy has questions to answer at the Tottenham Hotspur Stadium
While Spurs’ total revenue increased by 24 per cent from £444million to a staggering £549.6million, the club still posted an overall loss of £86.8million.
That, coupled with a disastrous 2022/23 campaign, makes it difficult to justify a pay rise for Levy, although that clearly hasn’t stopped the Spurs chairman from receiving one.
As Newman has suggested, while things have turned around under Ange Postecoglou, it was not too long ago that chaos ensued at the Tottenham Hotspur Stadium.
The Spurs supporter wrote when discussing the reason for Levy’s pay rise, “Or was it for giving Antonio Conte a reported £15m a year to produce some of the worst football we’ve seen for several seasons, completely denigrate the club and then put a metaphorical bomb under the whole operation before scarpering back to Italy with his loot?”
Postecoglou is now mopping up some of that mess that Conte left behind, but just as the feel-good factor is slowly creeping back into the Tottenham Hotspur Stadium, Levy has gone and done everything he can to undo it.
Perhaps his pay rise could have been reduced and in turn season ticket prices wouldn’t have had to be increased by so much.
And with Levy having also netted a £3million bonus last year, it is going to take a serious PR campaign to turn the 62-year-old’s reputation around among Tottenham supporters.
In other Tottenham news, an ex-Spurs employee has speculated a multi-million loss is on the cards after a newspaper story emerged.
For more Tottenham news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.