Spurs made £112m last year and the Chairman paid himself a £3m bonus. If I were earning £200k a week, I would be embarrassed to see the kitchen staff being told their wages were going to be cut.
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Most liked posts in thread: Spurs & Newcastle
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Edin Nowhere Impact SubP.L.22/23 Entrant
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Frank Castle CaptainModerator P.L. 20/21 Entrant Supporter
The problem is this scheme is being abused by these wealthy chairmen. It was created to help smaller companies from going bust and having to lay off their entire work force, not to help fat cats avoid paying wages to the plebs.
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Edin Nowhere Impact SubP.L.22/23 Entrant
It appears Bournemouth can be added to this list, they have stopped payments to people who are housing their youth players. Am I right in saying I have read somewhere that Leeds United players have taken a paycut to ensure all non playing staff are paid?
Bradford Bulls have had to use this scheme, and that is no surprise because they don't have a pot to piss in, if this continues I would expect Bradford City to move to this, but in the Premier League it really seems that greed is good.Hulmebantam likes this. -
To be fair there is a real risk on the horizon for the Premier League clubs because not only is there a risk that clubs will have to return over £750mill to broadcasters if the season isn't completed before July 31st. There is a real chance if that happens we may see some PL teams going under.
Ideally, they would most likely want the players to lower their wages but the clubs can't really request that as there is a fear that it can be deemed a breach in contract and allow the player to leave for free. And the PFA are advising players against suggesting it themselves. I suspect a big part of what Newcastle and Spurs are hoping is that a situation like Barca happens where the Barca players initially rejected a wage reduction but backed down when the other staff were going to either be laid off or put on reduced wagesStop hovering to collapse... Click to collapse... Hover to expand... Click to expand... -
Clubs may generate a lot of cash and spend it but do many actually make any profit? No income means no spare cash so they are using the frameworks in place. If they cut players wages without agreement PFA would be all over them and players demanding to leave.
Not sure if the clubs have asked the players, but you would hope they would do, 10% cut or even less should cover the 20% of the wages they can not claim off the government.
Personally I think it is worse that companies that are paying out huge dividends are claiming on the scheme such as EasyJet -
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And as non playing staff he is also most likely taking the paycut.Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand... -
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Edin Nowhere Impact SubP.L.22/23 Entrant
https://www.tottenhamhotspur.com/media/16757/tottenham-hotspur-limited-30-6-18.pdf -
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Edin Nowhere Impact SubP.L.22/23 Entrant
https://beta.companieshouse.gov.uk/company/00057186/filing-history/MzI2MDc0MzgwNWFkaXF6a2N4/document?format=pdf&download=0