Daniel Levy requests Mauricio Pochettino to take a pay cut
According to the Daily Mail, Tottenham Hotspur chairman Daniel Levy has approached former manager Mauricio Pochettino with a peculiar request.
He has asked the Argentine to take a pay cut on his £8.5 million salary that the club continues to pay him. The financial concerns following the coronavirus shutdown has prompted this unusual move.
Pochettino spent five years at Spurs after joining us from Southampton in 2014. His tenure in North London was successful as he made us Champions League regulars and also title challengers.
He led us to the UEFA Champions League final last season. Unfortunately, we couldn’t see it through in spite of being the better team on the pitch.
A bad start to the current season saw the Argentine make way for Jose Mourinho last November. According to the terms of the parting, Spurs will continue to pay him his salary until he finds a new job (h/t Daily Mail).
With him currently unemployed, Levy has been forced into a difficult position to negotiate a wage reduction (h/t Daily Mail).
According to the report, the club are keen to strike deals with Pochettino’s backroom team, including coaches Jesus Perez, Miguel D’Agostino and Antoni Jimenez.
The current crop at the club too will not be exempted from the initiative. Spurs are locked in talks with our playing squad and Mourinho regarding a wage reduction agreement.
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The club drew widespread criticism for making use of the government’s furlough scheme to pay 550 of their non-playing staff. Levy finally gave in to public pressure and reversed the decision this week. (h/t BBC)
The coronavirus pandemic has led to a number of revenue streams drying up. Tottenham still have to repay the stadium loan while also having to contend with pending transfer dues. Taking this into account, one can sympathize with Levy’s actions.