Kevin Phillips has applauded Tottenham chairman Daniel Levy for “leading by example” after he agreed to take a pay cut.
The former Sunderland and West Brom striker, speaking exclusively to Football Insider correspondent Dylan Childs, also insisted Levy would only have placed his staff on furlough if strictly necessary.
The chairman is one of 550 non-playing staff to take a pay cut to “protect jobs” at the club and is set to take a 20% cut on his annual salary amid the financial struggles of the coronavirus crisis.
Message from the Chairman.
— Tottenham Hotspur (at 🏡) (@SpursOfficial) March 31, 2020
The revelation on the same day Spurs plunged the taxpayer’s new financial reservoir to pay most of their staff has led to widespread criticism, given the club’s massive profits of recent years.
When asked for his reaction to the announcement on Tuesday, Phillips told Football Insider: “I would never question Daniel Levy and his finances. He has just shown that even in difficult years he has made money. What he has delivered is quite incredible.
“They would have only gone down this route having examined every option. They feel that they had to. I am reading that he is going to take a cut himself as well. At least he is leading by example.
“The big thing for everyone is that we hope it only goes on for a couple of months, not six months to a year. My worry is if it continues for six months or more.”
Earlier this month, Football Insider revealed, the Lilwhites had made a pre-tax profit of £82.3million for the year ending June 2019 – the fourth-highest ever by an English club.
The Premier League, like many leagues across Europe, has suspended all fixtures whilst the UK tries to deal with the COVID-19 pandemic.
In other Tottenham news, Noel Whelan has told Football Insider PL shot-stopper would be good replacement for Hug Lloris.