The most recent development in Tottenham Hotspur’s ownership saga is underway!
Daniel Levy, the long-time executive chairman who was ousted in September 2025, still holds a significant minority stake (around 29-30%) in ENIC, the parent company that controls about 86.58% of Spurs. The Lewis family (heirs of billionaire Joe Lewis) hold the majority of ENIC and effectively controls the club.
Two groups that previously expressed interest in buying the entire club (or a majority stake) after Levy’s exit—but had their approaches rejected by the Lewis family, who insisted the club was not for sale—are now reportedly teaming up. These are:
A consortium involving Hong Kong businessman Ng Wing Fai (CEO of Triller, a TikTok rival), previously linked to Firehawk Holdings Limited (which included Dr Roger Kennedy and others in an Asian/American-led bid).
Elements or related backers from other failed approaches, though reports centre on Ng’s involvement in building on the prior Firehawk effort.
This new joint effort is focused specifically on acquiring Levy’s personal stake, valued at around £1 billion (approximately $1.4 billion), rather than a full takeover. Most of the funding would come from a group of Asian business tycoons.
Discussions are said to be advanced, per sources cited in Bloomberg and other outlets, marking Ng’s second attempt at involvement after the earlier failed bid.
This would allow Levy to cash out his long-held shares (built over decades of running the club) while the Lewis family retain control—potentially ending a stalemate where Levy has been unable to easily sell without board influence.
The club itself (under Lewis family direction) has not commented directly on this specific stake sale, and prior full-takeover interests (including from Amanda Staveley’s PCP and others) were firmly rebuffed. Levy’s exit stemmed from tensions with the Lewis heirs, shifting power dynamics without changing overall ownership.
As for fans, all we care about is investment in the first team squad. That may sound blunt, but that is the truth of the matter.
Just get on with it.