Exclusive: Tottenham investor could be about to buy out Daniel Levy after confirmed news
Tottenham’s majority owner ENIC could agree a deal for a new investor to take on Daniel Levy’s shareholding in the company, sources have told Football Insider.
Tottenham confirmed Levy has stepped down as the club’s executive chairman after spending 24 years in the role, with Peter Charrington appointed non-executive chairman.
Spurs insisted there will be no changes to the ownership of the club, while Levy will remain part of ENIC, which owns an 86.91 per cent stake at the Tottenham Hotspur Stadium.
Levy and members of his family own a 29.88 per cent stake in ENIC, with Joe Lewis’s family trust holding the remaining 70.12 per cent.
Sources say ENIC could now look to bring in a new investor to take on Levy’s share in the British investment company, allowing for fresh investment to be pumped into the club.
Daniel Levy has proven unpopular figure among Tottenham fans
Tottenham have been trying to secure new investment over the past couple of years.
However, Spurs’ owners have faced issues securing their asking price, with widespread reports suggesting they want to sell a minority stake at a £3.75billion valuation.
MORE FOOTBALL INSIDER STORIES
Qatari investors have been linked with a Tottenham takeover in the past, but it’s likely any such deal would only be for a complete buyout.
Alongside Charrington, Vinai Venkatesham will now steer the ship after he was appointed as the north London giants’ CEO in April.
While Levy has been a controversial figure among Tottenham fans, he leaves the club in a strong financial position following his departure.
Spurs’ latest published accounts for 2023-24 revealed their turnover fell from £549.6million in 2022-23 to £528.2million, but that was driven by a significant drop in Uefa prize money.
Meanwhile, Tottenham’s commercial revenue increased from £227.7million to £255.2million across the same period as they continue to cash in on opportunies at their 62,850-capacity stadium.
Tottenham trigger £180m signing spree after latest deals
Tottenham fans have been strong critics of ENIC as well as Levy since the company took over the club 25 years ago, with many questioning their owners’ ambitions.
Spurs spent more than £180million on new additions in the latest transfer window as Thomas Frank looks to help them compete higher up the Premier League table.
Mohammed Kudus was Tottenham’s most expensive signing of the summer, having secured a £55million deal with West Ham for his signature.
Meanwhile, Xavi Simons, Mathys Tel, Kevin Danso, Luka Vuskovic and Kota Takai have also joined on permanent deals, with Joao Palhinha and Randal Kolo Muani agreeing loan moves.