This is why Levy is worried about what Chelsea are doing
Daniel Levy has watched Chelsea completely transform as a football club during his 24 years as Tottenham chairman.
In 2023, Roman Abramovic acquired the West London club for a reported £140milion and they spent substantially.
That approach has paid off in terms of silverware as the Blues have since lifted 19 major trophies, seven more than they achieved in their entire history prior to Abramovic.
Tottenham recently won the Europa League, but have not tasted the same success as their rivals.
However, Levy has spoken publicly of his concern about an approach being implemented at Stamford Bridge.
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Levy critical of multi-club ownership
Levy has made some memorable comments during his time as Tottenham chairman amid controversies in the game.
While some refrain from speaking openly, the Englishman has done so with honesty, while sticking to a point.
Many believe Levy could exit Spurs soon, although he does not appear to be doing so this summer.
The Lilywhites have already spent £55million on Mohammed Kudus and have shown intent to bag more significant acquisitions.
Now, Levy has appeared in public again, speaking to Gary Neville on the latest episode of The Overlap (4 August).
Levy said: “Multi-club ownership is another issue that’s very important today because it didn’t really exist five years ago.”
Neville replied: “You’re against it?”
Levy: “I think they’d be very careful. I think the idea that one club is involved with lots of different clubs, with the money involved today, I think it has to be controlled carefully.”
Neville interjected: “Are you talking about the distribution of cost amongst the actual multi-club organisations?”
In response, Levy said: “Because we have financial control measures, and it can be abused, it worries me a little bit because I think that there’s so much money in the game now.
“And you only need one owner to do something inappropriate, and it would impact the whole confidence from sponsors and broadcasters in the European game, so I think it needs very tight control.”
Crystal Palace and Lyon incident a prime example
Multi-club ownership has come to the fore this summer after what has unravelled with Crystal Palace and Lyon.
The Eagles qualified for the Europa League after defeating Man City 1-0 in the FA Cup final.
However, due to John Textor’s ownership of Lyon, the Selhurst Park club were demoted to the Europa Conference League.
As a result, Nottingham Forest have taken their place, although Palace have appealed against the decision.
Todd Boehly is the owner of Chelsea, but also has a majority stake in Ligue 1 club RC Strasbourg via BlueCo Group.
Strasbourg supporters have been highly critical as their club has effectively acted as a feeder team to the Blues.
The French outfit missed out on Europe last season, but if they were to reach the same competition as Chelsea, then Boehly would have to amend his ownership.
Levy, on the other hand, has spoken about stability at Tottenham and wants to leave them in a healthy position.