Tottenham Hotspur waved goodbye to controversial chairman Daniel Levy after 24 years last week, in a move which sent shockwaves throughout the world of football.
Levy and ENIC's running of the club during his tenure attracted large protests from supporters, mainly due to a lack of success on the field, with the Lilywhites winning just two major trophies over the ex-chair's two-and-a half-decade-long spell.
However, away from the pitch, there is little denying that Levy transformed Spurs into a financial powerhouse.
Tottenham are now one of the world's highest revenue-generating clubs, according to the Deloitte Money League, with Levy overseeing the move to their state of the art new stadium and training facilities.
Speaking after the "big news" of Levy's departure, CEO Vinai Vinkatesham moved to quash rumours of a potential takeover whilst explaining what this means to the club's overall running.
"Yeah, I’ve seen that very quickly, as you say, there's been a lot of newspaper articles and a lot of media speculation about a takeover, so I can be really clear on this," Vinkatesham said in an official club interview.
"The Lewis family are really clear, they see their involvement in Tottenham Hotspur being long-term, and they see their involvement continuing through the generations. We made a statement very late last night, and the statement I hope was unambiguously clear that Tottenham Hotspur is not for sale.
"Everything that we achieve at the Club will be part of a team, and I mean that. So, naturally, I guess, as Chief Executive, my name ends up in the media and I end up sitting here and doing an interview with you, but we've got 800 people at the Club, and we need everybody in the Club pulling together to drive us forward. This is certainly not all about one person or a small group of people."
Credible reports suggest that influential footballing figures were left "stunned" by Levy's resignation (Miguel Delaney), which was ultimately taken out of the 63-year-old's hands.
In fact, The Times have stated that Levy was told to resign just hours before Tottenham made it official.
Saudi backers major plan for Tottenham as Levy exit kickstarts restructure
According to TEAMtalk, Levy's departure is the first domino kickstarting what is a broad restructure of Spurs.
It is also claimed that global investors, including backers from Saudi Arabia, harbor an ambitious plan for Spurs to build a "Premier League powerhouse", and see the club as a "prime opportunity" to do so.
While making it crystal clear that Spurs is not for sale, the Lewis family are open to minority investments that could help to inject significant capital into the club, with Saudi parties also joined by potential investors from Qatar and the USA.