Wednesday, January 17, 2007
Levy
Tottenham chairman Daniel Levy is the latest football club executive to receive a handsome pay rise, according to the club's recently-published annual report.
In the space of two years his salary and pension package have increased more than threefold from £250,000 to £775,000. Critics are questioning exactly what Levy has done to deserve such a massive rise when Spurs have seen a drop in operating profits from to £11.4 million to £4.5 million during the five years since ENIC took control of the club.
According to the latest accounts for the year ended June 2006, pre-tax profits also fell from £5.7 million to £2.9 million.
In the space of two years his salary and pension package have increased more than threefold from £250,000 to £775,000. Critics are questioning exactly what Levy has done to deserve such a massive rise when Spurs have seen a drop in operating profits from to £11.4 million to £4.5 million during the five years since ENIC took control of the club.
According to the latest accounts for the year ended June 2006, pre-tax profits also fell from £5.7 million to £2.9 million.
