Tottenham allegations put brakes on Daniel Levy sale: ‘There’s mud slinging from both sides’
Tottenham could face issues finding a buyer to takeover Daniel Levy’s share in the club, according to Keith Wyness.
The former Everton chief executive, talking to Football Insider, has called the ongoing situation at Spurs a “mess.”
Levy left his role as executive chairman of the north London club last September and is looking to sell his 29.88 per cent share in ENIC, which owns 86.91 per cent of Spurs.
It has now been reported that Levy could sue his former business partner Joe Lewis on the matter, believing he owns more than a 29.88 per cent share in ENIC.
Levy’s stake in Spurs could be worth up to £1billion, however it comes with no voting rights, no place on the board or influence on matters at the club.
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‘Mud being thrown from both sides’ in Daniel Levy case
Everton’s former chief Keith Wyness – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – believes the Lewis Family can resolve the situation regarding Levy’s share at Spurs.
Speaking on the new edition of Football Insider‘s Inside Track podcast, Wyness thinks any buyer would have to be able to work well with the Spurs ownership.
He told Football Insider‘s Inside Track podcast: “Let’s be clear, all these are allegations and there’s a lot of mud being thrown.
“I’ve got to be very careful that everybody understands we are talking about allegedly, that famous word. There’s mud slinging from both sides. I’ve been reading that Levy’s side has been stating that there may well be a claim in terms of shareholding and other things going forward.
“The other side are saying there may have been financial impropriety, allegedly, when Levy was in charge. So it’s a mess.
“Now, is this putting off a potential new buyer? I think that any new buyer would have to be a friendly group with the Lewis family to get this done. And then there’s no doubt they have the power and the strength to sort out this sort of mess and make it happen.”
Expert raises ‘concerns’ about Tottenham’s finances
Former Manchester City financial advisor Stefan Borson told Football Insider that he has “concerns” about Spurs’ latest financial figures.
Spurs’ costs for other expenses rose from £159m to £202m last season, and Borson has question marks over why that figure has increased so much.
The expenses could have an impact on how much Spurs make from events they host at the Tottenham Hotspur Stadium.
The Tottenham Hotspur Stadium has hosted concerts, NFL and Boxing events since opening in 2019, which has helped the club record increased revenue and commercial numbers in the past few years.
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