Daniel Levy's exit is a notable pivot by Tottenham.
The club's hierarchy reportedly made the decision to focus more on sporting success, which is tinge ironic considering they ended a 17-year wait for silverware a little over three months ago.
But Spurs were essentially 'nearly men' during the Levy era and lifted just two trophies â the League Cup in 2008 and last season's Europa League. They finished second in the Premier League in 2016-17, reached 15 semi-finals and six finals, including the Champions League showpiece in 2019 where they lost to Liverpool.
Levy is a polarising character and was often accused of extreme frugality during his time as executive chairman. The club made a profit in the transfer market between 2010 and 2020, which coincided with their most successful period of Premier League finishes.
In the five years since, he agreed to a net spend of more than £450m in an attempt to keep up with rival teams. However, last season's 17th-place finish could potentially have cost the 63-year-old his job, regardless of their very recent European success.