Daniel Levy is set to face further issues selling his stake in Tottenham Hotspur’s ownership group if the club are relegated this season, sources have told Football Insider.
Despite leaving his role as executive chairman in September, the 64-year-old still has an indirect investment in Tottenham due to his 29.88 per cent share in ENIC, which owns 86.91 per cent of the club.
Levy has been in talks to sell his stake, but he’s believed to be seeking a deal worth up to £1billion.
Spurs are at risk of being relegated as they currently sit third bottom in the Premier League table following their miserable campaign.
Sources say Tottenham’s valuation will drop considerably if they are relegated to the Championship, directly impacting how much Levy could receive from a potential sale.
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Who could buy Daniel Levy’s shares?
Levy was a controversial figure during his time at the Tottenham Hotspur Stadium, with many fans questioning his ambitions to take the club forward on the pitch.
Vinai Venkatesham is now in charge of the day-to-day operations following his appointment as chief executive last year, but Spurs have taken another step backwards this season.
In terms of Levy’s stake, The Telegraph reported in February he can agree a deal with whoever he wants as the Lewis family, who own the remaining 70.12 per cent in ENIC, don’t have matching rights or first refusal.
However, the former chairman’s shares hold no voting rights, place on the board or influence on matters in north London.
That poses another question around the value of his stake, particularly if Spurs are relegated to the Championship this season.
Finance expert Stefan Borson told Football Insider the Lewis family are the most likely buyers of Levy’s shares, handing them more control of matters.
How relegation could impact Tottenham’s finances
Relegation would have a devastating impact on Tottenham’s financial situation due to the difference in prize money between the top two divisions.
Spurs posted their accounts for 2024-25 last month, showing their revenue improved from £528million in 2023-24 to £565m last season.
However, Tottenham’s revenue could drop by around £200m if they lose their Premier League status this season.
Roberto De Zerbi is looking to ensure that won’t be the case, having been appointed as the club’s new manager earlier this month.
Tottenham are now preparing to take on already-relegated Wolves at Molineux on Saturday (25 April).
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