Tottenham Hotspur have been mocked by Daniel Levy one final time after their latest accounts revealed he handed himself a hefty pay rise before departing.
Levy was sensationally ousted as executive chairman after almost 25 years in the hot seat, following a damning sporting review which led to sweeping changes and a hard reset.
In March, CEO Vinai Venkatesham took a clear shot at the long-serving supremo, listing a host of problems he believed he had inherited that led to stagnation at the club.
Still, Levy was adamant that he had built Spurs into a “global heavyweight competing at the highest level”, and clearly, he deemed his efforts worthy of a sharp spike in pay.
Tottenham’s financial accounts make for alarming reading as they fight for their lives in the Premier League, and their former chairman’s actions will once again anger supporters.
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What was Daniel Levy’s Tottenham pay in 2024-25?
The headline from the document released on Tuesday revealed that Spurs’ post-tax loss increased by £68.5million to £94.7m in the period ending 30 June, 2025.
The fact that their total revenue and extra income bumped up to £565.3m will paper over these cracks, but Tottenham are sustaining losses and ENIC are in trouble.
Not that Levy appeared to realise it, though. Once again, he was the highest-paid director in the Premier League for 24-25 with a remuneration totalling £5.755m.
What is perhaps most eye-opening is his willingness to line his own pockets. His pay was inflated by roughly 30 per cent in comparison to the previous year (£3.7m).
While Levy will be given credit – and rightly so – for strong finances in multiple areas, he will ultimately be best remembered for the club’s alarming slump last season.
Spurs, of course, finished 17th in the Premier League, and despite winning the Europa League, their TV and media revenues nosedived by 23 per cent, from £165.9m to £127m.
Where do Tottenham go from here?
Damningly, Tottenham’s debts are now in excess of £800m – an eye-watering figure. Their bleak finances mean they now have one just course of action: staying in the Premier League.
Dropping into the Championship would be unthinkable for the ownership, who are already fighting countless fires across the books. Survival, therefore, is paramount.
More than 90 per cent of their £851.7m borrowings are fixed-rate with an average maturity of 17.6 years, which, for the foreseeable future, should help to protect their financial stability.
There is a little room for manoeuvre, then, but the walls are continuing to close in. Levy may have escaped with a bag stuffed full of cash, but he is just as culpable for the mess.