Tottenham are hoping to take another step towards change after ousting Daniel Levy.
Levy remained a constant at Tottenham for almost 25 years after he was promoted in 2000.
However, Levy has since stepped down as Tottenham chairman after a tenure of highs and lows.
It is believed that Joe Lewis wants to transform Tottenham sporting-wise, and those plans do not include the now-former chairman.
But to do so, Lewis will look at reigniting a promising financial prospect that Levy was unable to get over the line.
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Daniel Levy’s departure to “unlock” Tottenham naming rights deal
It was suggested that Levy’s departure from Tottenham would be a mistake given his business successes.
However, it now seems that his exit could help Spurs boost their finances tenfold.
As reported by The Telegraph on Saturday, 6 September, Levy’s Tottenham exit may also “unlock” a naming rights deal for the Tottenham Hotspur Stadium.
Shortly after the stadium opened, Levy had hoped to secure a naming rights deal worth as much as £25million a year for 15 years. This would have earned the North London club a world record £375m.
However, the former Tottenham chairman was unable to find a company willing to match that valuation. But with Levy stepping down from his position, Spurs could accelerate plans to secure a deal.
What was Levy’s biggest failure at Tottenham?
Levy had several successes while chairman at Tottenham, including the commissioning of the Tottenham Hotspur Stadium.
But he was often criticised for his lacklustre approach to transfer investments. The signing of Tanguy Ndombele ranks high on his list of failures and is considered one of the worst signings in Spurs history.
While this is a disappointing feat, most in North London will not forget, Levy’s biggest failure remains not investing in Mauricio Pochettino’s Champions League final squad.
Tottenham saw no new arrivals the summer after Spurs’ 2-0 defeat to Liverpool in the 2018/19 Champions League. Consequently, the Lilywhites finished outside the top four in the Premier League at sixth place the following season.
This was a Spurs team that could have at least won a European trophy if proper investment had been made at the time. As such, for many fans of the North London club, this remains Levy’s biggest failure.