It doesn’t rain but it pours for Daniel Levy, and I am struggling to think of a worse time to ask the Spurs CEO for a pay rise. Even the morning after losing the Champions League final would have probably been better than now.
Eric Dier, according to the Daily Mail, is look for parity with other squad members as he negotiates a new extension to his existing contract. In the normal course of events, £60,000 a week wouldn’t be resented, but Spurs are in such financial despair, this may well be a request that Tottenham are reluctant to meet.
Just recently, Levy was forced to take up a £175million loan from the Bank of England. Spurs finances have gone from being acutely conservative to err …concerning.
- Tottenham’s total debt up to £852million
- £215million of the bill is composed of interest
- Some debts will still be outstanding until 2050
- Repayments will average £37m-a-year until 2042
- Over the last 5 years, only £21m-a-season was spent on transfers
The club’s financial situation won’t improve anytime soon, given how slowly fans will be returning to the stadium.
Dier deserves market rate wages, but he may not get them at Tottenham.