Daniel Levy could be set to pocket a huge sum of money after a new development regarding a potential takeover at Tottenham.
The Lilywhites chief stepped down from his role as executive chairman last week, in a decision that brought his 25-year stint at the helm in N17 to a close.
Levy’s departure from Tottenham signifies the end of an era for the club, who have already appointed several new faces at boardroom level in the aftermath of his exit.
The 63-year-old still holds a share in ENIC, and with that in mind, he could be about to make a fortune from Spurs, despite no longer being involved.
Daniel Levy would net around £800m if Spurs are sold
Levy’s exit has seen Tottenham shrouded in speculation in recent days, as there is an ongoing discussion regarding whether the club could be sold in the coming weeks.
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The Lewis family, who hold a majority stake in both ENIC and the club, are adamant that they have no intention of entertaining a sale, amid reported interest from former Newcastle United director Amanda Staveley.
There is also an American consortium who are thought to be keen on the idea of buying the North London outfit, and a potential takeover would certainly play into Levy’s hands if it were completed.
Football finance expert Kieran Maguire has revealed in the latest episode of his The Price of Football podcast that the outgoing chief’s share in ENIC could stand to see him earn as much as £800million if a sale does go through.
“Levy has done extremely well out of Spurs,” Maguire said.
“When he started, he earned £125,000 a year, and when he left, he was on well over £3m.
“He also owns just under 30% of the Lewis family trust, who own the majority of ENIC, who are Spurs’ major shareholder.
“That means that Levy’s share is going to be worth somewhere between £800m and £1billion based on my figures.
“If Spurs get sold for £4bn, I reckon that he’s looking at the thick end of £800m.”
Daniel Levy deserves his flowers at Tottenham
Levy has faced his fair share of criticism at Tottenham over the years, but it’s hard to argue against his achievements when it comes to the commercial side of the club.
The Lilywhites have become a financial superpower under his guidance, and while that should never completely offset a lack of success on the pitch, it has put the club in an excellent position to move forward towards Premier League glory.
The next goal of the hierarchy has to be to make Spurs competitive in every single competition that they’re in, and that responsibility will remain regardless of who owns the club.
Levy’s tenure has brought many positives in N17, and it must now be used as a springboard to strive for more success.