Tottenham will lower the salaries of its staff and executives by 20% during April and May, while waiting for the players to also accept a reduction in their wages, the London club announced on Tuesday.
"After taking measures to reduce our operating costs, we have made the difficult decision, with the aim of protecting jobs, to reduce the remuneration of the 550 non-players staff members by 20% during April and May," said Tottenham chairman Daniel Levy in a statement.
"We hope that the ongoing discussions among the Premier League, the players' union PFA, and the coaches will conclude with the players and coaches deciding to contribute to our sector," he added.
Unlike other European clubs such as FC Barcelona, Juventus, and Bayern Munich, whose players have accepted salary cuts, English elite teams have not yet taken similar measures.
The Premier League is suspended until at least April 30th, and this deadline is expected to be extended in a meeting that the clubs have on Friday, April 3rd.
-- Bringing the boys together with a virtual training session! --#SpursAtHome ⚪️ #COYS pic.twitter.com/UA3QNaIY7c
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Tottenham, the finalist of the last Champions League, generated a profit of 77.3 million euros in the 2018-19 season. The London club has seen its revenues increase thanks to its brand new stadium, with a capacity for 62,000 people.
Despite these excellent economic results, the club is not protected against the unprecedented crisis caused by the spread of the coronavirus, Levy said.
"We may be the eighth most powerful club from an economic point of view, according to the report by Deloitte, but all of this makes no sense, this virus knows no boundaries," said the executive. (D)