The Tottenham owner and chairman took the difficult call to get rid of the former Celtic manager despite the fact he had just won them the Europa League, delivering on his promise he always wins a trophy in his second season.
However, the Premier League giants had also finished 17th in the league, just one place above the relegation zone, which is well below their lofty ambitions.
Levy decided he had to part ways with the Aussie, who only lasted two years in North London after heading there from Glasgow.
The businessman has now spoken on the sacking and explained his thinking.
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“Ultimately, the decision sits with me, but it’s always a collective decision,” he told the Overlap.
“We have a board of directors, but under the board, we have a group of technical staff, and they advise.
“We had to explain the decision to part ways with Ange. Ange just won us a trophy – a European trophy – highly significant and he’s always going to be in our history.
“However, we couldn’t lose sight of the fact that we finished 17th in the league, we lost 22 Premier League games, and it’s impossible for Tottenham to be in that position.
“And so we had to take the emotion out of it and we had to give some data points as to why we decided to do what we did.”