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The Tottenham Hotspur Supporters Trust (THST) have welcomed Daniel Levy’s departure and have suggested that the club now have a great opportunity to put right one of the 63-year-old’s errors.

There have been widespread protests against Daniel Levy and ENIC over the last 12 months, with Spurs fans marching in the thousands, calling for Levy and ENIC to leave.

Many Spurs fans thus see the club’s decision to move on from Levy as the right one, despite being thankful to the infrastructure and the revenue streams that the long-serving Tottenham chairman built at the club.

THST have now revealed that there was one area, in particular, where Levy left them frustrated and have urged the club to put that right.

THST want to see more fan engagement after Daniel Levy’s Tottenham departure

THST praised Daniel Levy for his foresight in moving the club from White Hart Lane to the Tottenham Hotspur Stadium, admitting that the move was necessary for the club’s long-term financial health.

However, the Trust admitted that during Levy’s 24-year reign, the club did not take fan engagement seriously, with their complaints often falling on deaf ears, and urged the club to put that right in this new era.

Their statement reads (via Football.London): “The surprising departure of Daniel Levy after 24 years as executive chairman of the club provides the new leadership with the ideal opportunity for deepened engagement with fan groups on the future direction of the club. They should take it,” read the statement.

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“Daniel’s legacy is self-evidently the construction of the Tottenham Hotspur Stadium, widely regarded as one of the finest football stadia in the world, as well as related infrastructure such as the training ground. Building such a stadium in the dense, urban heart of our home, Tottenham, is no mean feat.

“While some may still hanker after the more intimate White Hart Lane, it is clear that THS was needed to allow Tottenham Hotspur to compete on an equal footing with Europe’s football elite. Our thanks go to Daniel for his vision and drive in delivering the stadium.

“And yet, the laser focus on cost and value for money necessary for completing the stadium didn’t serve the club so well on the pitch. Our members and other respondents to our annual surveys consistently over many years valued the club’s development off the pitch, but wanted greater focus on the football.

“As welcome as the Europa League win was, it was only the second trophy during Daniel’s 24-year reign. The failure to kick on under Mauricio Pochettino and after the opening of THS was a missed opportunity and seemed to reflect an approach, particularly in the transfer market, that was too cautious and too focused on extracting monetary value rather than addressing weaknesses that were obvious to all.

“Genuine fan engagement didn’t come naturally to Daniel. While on paper there was commitment, in practice this often meant telling us what the club planned to do at short notice. Earlier engagement may have avoided missteps such as the proposed move to Stratford, the ESL, furloughing staff in the pandemic and curtailing senior season ticket concessions.”

THST want reassurance that the club is in good hands

The Trust also said that they will be raising questions about the structure of the club’s new leadership in their next Fan Advisory Board meeting.

They also made it clear that they want reassurance about the club’s strategy going forward and an explanation of the timing of the change to the structure.

Their message continued: “Legally, there is no change in ownership, but there is no doubt that Daniel’s departure represents a switch in leadership to that of the Lewis family interests. There is talk of outside investment, and we would remind the club of its support for the Trust’s 5 Principles, upon which we will judge any owner of the club. It also provides an opportunity for more meaningful engagement with fans; there has already been an encouraging start under new CEO, Vinai Venkatesham.

“The Trust will continue to play a constructive role in the engagement process and fulfil its role as a critical friend to the club. The change in leadership provokes questions about future strategy, the timing of the change, plans for outside investment and reassurance that the club is in good hands. The Trust will be asking those questions both directly and via its participation in the FAB.

“We’d like to thank Daniel Levy for his achievements during his 24 years of service to the Club and wish him well in his future endeavours.”

Daniel Levy has left his role as Tottenham Hotspur Executive Chairman after 25 long years and there is plenty to be said about his time in the position.

Tottenham Hotspur were not a serious club for many years in the Premier League. There were plenty of top-four finishes during the 1980s in the First Division, but the ‘90s saw Spurs become a mid-table team. In fact, they even finished as low as 14th and 15th under Christian Gross and Osvaldo Ardiles, respectively.

Daniel Levy arrived in 2001 and it took time to get Tottenham back up the table. However, the deadlock was broken under Martin Jol as two consecutive fifth-place finishes were recorded. Once Harry Redknapp took charge, Spurs began to re-establish themselves as a club playing at the highest level of Europe.

This success allowed Levy to execute his vision, beginning with a new state-of-the-art training ground. Spurs Lodge was left behind for Hotspur Way, a far superior facility in Enfield. Next came the new stadium, which could have been a disaster.

Levy wanted to move the club to Stratford to play at the London Stadium, which would undergo a major redevelopment. However, in the end, he delivered the Tottenham Hotspur Stadium, which has become one of the great footballing landmarks. The new ground has given Spurs the platform to generate far more revenue and attract greater attention.

Daniel Levy chose money over success at Tottenham

As the saying goes, you can have too much of a good thing. Money was Levy’s downfall as everything Tottenham did began to revolve around making more of it. Big-name artists were announced to be performing at the new stadium, but the money generated from those concerts often never emerged.

Mauricio Pochettino led Tottenham to their highest league finish since 1967. Seven more points and the Premier League title would have gone their way, so what did Levy do to help Pochettino build on this accomplishment? Well, he gave him the money to sign a young Davinson Sanchez and Juan Foyth, the Arsenal supporting Serge Aurier and bench warmers in Paulo Gazzaniga and Fernando Llorente.

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Transfer windows like this became all too common at Tottenham. Even in January, when Ange Postecoglou was attempting to manage a Tottenham first-team squad which was on its knees, Levy stood by and let the Spurs boss suffer. Add to this the failure to replace Heung-min Son this summer, one of the greatest Tottenham players in recent memory. Even Harry Kane is yet to be adequately replaced two years later.

It is not just transfer fees where Levy liked to save money. He was always trying to keep Tottenham’s wage bill as low as possible. This prevented the club from signing elite players and put Spurs at a clear advantage against the clubs they were competing with.

Even now, Tottenham’s highest-paid players are on £200,000. To put this into context, Arsenal have four players earning more than that sum, with Kai Havertz earning £80,000 more per week.

Levy never took the blame for Tottenham’s failings

One of Levy’s most toxic traits was the way he turned on the Spurs manager whenever things started to go wrong. In his eyes, it was never his own fault. He sacked Pochettino months after the Argentine took them to a Champions League final, even after Tottenham refused to sign a single player the previous summer, becoming the first team in England to do so.

Levy’s definition of failure was part of the problem. The Premier League is what brings in the big money, so that was what he prioritised. From the outside, it looked as though he could not care less about winning a trophy. This began back in the ‘00s when he showed Juande Ramos the door after a single season. Tottenham may have finished 11th, but they won the League Cup.

Levy later went on to sack Jose Mourinho in the week building up to another League Cup final and he gave Postecoglou the boot after winning the Europa League. Silverware is what the supporters wanted, but for Levy, making the brand look good was the only objective. Why win a tournament when you could host a boxing fight instead?

Spurs are right to move on from Levy

Not only was Levy the highest-paid chairman in the league, but Tottenham charged the highest ticket prices in England under his authority. Despite this, his footballing ambitions never matched the other ‘big six’ clubs. Spurs fans have been forced to pay a premium, and yet what has been their reward?

Even after Tottenham became the champions of a European competition and set up a UEFA Super Cup clash with PSG, Levy was utterly helpless at convincing players to join Spurs. His inability to close deals for Morgan Gibbs-White and Eberechi Eze was an embarrassment to the club and this was certainly not the first time this type of failure occurred.

Spurs have Levy to thank for how big a name the club is today. He has created a platform which Tottenham can use as the gateway to future successes. However, Levy was never going to be the one to get them there. Ultimately, he is a businessman and Tottenham Hotspur has always been a business investment to him.

Tottenham must shift their focus now that he has stepped down by focusing on the team on the pitch. Thomas Frank has been put in charge and he must not be undermined. Instead, the club should back him, both morally and financially. The manager has to be allowed the time to grow into the role and build a complete squad.

Tottenham’s new chairman, Peter Charrington, and the continuing Spurs owners must make a decision. Do they want the club to be competing to win the Premier League and Champions League, or are they happy just to finish in the top five and run a sustainable business enterprise?

Fresh financial figures show just how much of a money-making machine Tottenham Hotspur became under Daniel Levy, with Spurs leaving rivals like Chelsea and Manchester United in the dust.

Just yesterday, Tottenham Hotspur announced the departure of club chairman Daniel Levy, who had been in charge of the day-to-day running of the club for more than two decades.

Levy was never the most popular figure at N17, with the former chairman facing constant criticism for his business-first approach to running Tottenham, often at the expense of the footballing side.

His trophy return hardly silenced the doubters, with just two pieces of silverware in nearly 25 years at the helm, the most recent being last season’s Europa League triumph.

The 63-year-old now departs Tottenham, having become the longest-serving chairman in the Premier League.

Tottenham profits under Daniel Levy revealed

While Daniel Levy had his fair share of stick, a new report from football finance expert Kieran Maguire has revealed that no Premier League club recorded more profit during his tenure than Tottenham.

Across his 24 years in charge, Levy oversaw a profit of £167m, which is £65m more than any other club in that period, with Brighton the next closest on £102m.

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Spurs’ rivals Arsenal follow on £72m, while Liverpool sit at just £19m despite their recent £426m summer outlay, which included two British record deals for Florian Wirtz and Alexander Isak.

Profit and loss of Premier League clubs during Daniel Levy’s era

At the other end of the table, Chelsea recorded by far the biggest losses. Their eye-watering spending under both Roman Abramovich and Todd Boehly has left them with a staggering £1.257bn deficit, nearly double anyone else.

Aston Villa are next on £706m, followed by Everton (£589m), Manchester City (£553m), Fulham (£358m) and Manchester United (£261m).

Daniel Levy leaves Spurs with tenfold revenue growth

Maguire also highlighted how much Tottenham grew off the pitch during Levy’s time at the club. When he joined, Spurs were a £48m-a-year business, but he departs with revenues more than ten times that figure, while consistently running the lowest wage-to-revenue ratio in the league.

The numbers will not come as a shock to many Tottenham fans, with Levy having sanctioned some of the most high-profile sales in Premier League history, including Gareth Bale to Real Madrid for £85m and Harry Kane to Bayern Munich for £104m.

Yet Spurs rarely replaced those players with the same level of quality, which only added fuel to the criticism. Tottenham’s wage structure remains strict, with salaries capped at less than £200,000 a week, and that frugal approach to recruitment shaped much of Levy’s reign.

It is exactly why supporters often accused him of prioritising the balance sheet ahead of building a side capable of competing with the very best.

The reaction to Daniel Levy’s departure has been mixed from Tottenham fans, but there may be more exciting news to follow.

Speaking to Gary Neville on The Overlap earlier this summer, Levy suggested that he will get credit for his work at Tottenham once he leaves the club.

In one way, he has been proven right, with the reaction being mixed since the news dropped last evening, with many being thankful to the 63-year-old for making the club a financial powerhouse and ensuring they have the means to compete at the top table.

However, it is fair to say that the majority of Spurs fans are pleased with Levy’s departure, given that he has been unable to deliver success on the pitch, particularly since 2019.

Alasdair Gold says cash injection could be on its way from ENIC

Football.London’s Alasdair Gold suggests that a cash injection has been expected at Tottenham since the start of the summer, with the money potentially even set to come from ENIC.

He reveals that there is determination among the Spurs owners to push the club to the next level, and they might thus be willing to pump equity to make that happen.

Gold remarks that following Levy’s departure, a potential cash injection may be something for Spurs fans to keep an eye on over the next few weeks.

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The journalist also adds that despite rumours to the contrary, the Lewis family currently have no plans to sell the club and are focused on delivering sporting success.

Daniel Levy’s legacy may be defined by what follows at Tottenham

Levy considers the move from White Hart Lane to the Tottenham Hotspur Stadium as his biggest achievement at the club, and it is hard to argue against that.

He has built up the club into a financial powerhouse and laid the foundation for sustained success in the PSR era, even though he himself has not been able to deliver that success.

In many ways, his legacy will be defined by whether the club can now make use of those foundations to push onto the next level and become an elite club on the pitch as well, not just off it.

The news of Daniel Levy’s exit from Tottenham has come as a shock not just to Tottenham fans but also to investors, who had shown an interest in buying a stake in the North London club.

Over the last 12 months, Spurs Web has followed all the developments and speculation regarding various consortia around the world showing an interest in buying a stake in Tottenham.

We have heard that a group of private investors from Qatar have explored a takeover of Spurs.

It was even suggested earlier this summer that Tottenham were in talks over selling a minority stake in a deal which values the whole club at £5 billion.

Prospetive Tottenham buyers surprised by Daniel Levy’s exit

Over the past 24 hours, it has been rumoured that Levy’s departure could be a prelude to the Lewis family selling Tottenham.

However, The Athletic point out that with Levy out of the picture, the Lewis family will have to now oversee any negotiations.

The outlet says that at this moment, no imminent takeover of Tottenham is particularly close.

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It is revealed that prospective buyers were as surprised as anyone that Spurs have decided to part ways with Levy out of the blue.

The Lewis family have a clear focus for Spurs

The Athletic say that despite the ongoing rumours of a sale, the Lewis family’s first order of business does not involve seeking any outside investment.

Instead, their priority is to make the team more successful and consistent on the pitch. While this is encouraging for Spurs fans to hear, the proof will be in the pudding.

Rumours are doing the rounds about the Lewis family potentially cashing in on Tottenham Hotspur after Daniel Levy’s exit, and a new report has now shed light on how much it would take for any potential investor to buy Spurs off ENIC’s hands.

Following Levy’s departure on Thursday, The Sun’s Alan Nixon suggested that the Lewis family is now considering a full sale of Tottenham.

However, this information has since been contradicted by other sources, who claim that ENIC want to usher in a new era at Spurs, which is focused on sporting success.

A new report has now revealed how much Tottenham’s majority owners value the club at, amidst interest from potential investors.

It would take £4 billion to buy Spurs off ENIC

The Daily Mail now say that even though Spurs insiders deny that Levy’s exit is linked to an impending bid for Tottenham, industry sources are not ruling out a sale.

The outlet claims to have spoken to officials at other Premier League clubs, who believe that Tottenham are ‘ripe’ for a takeover, given their London location and the revenue-generating potential of the club’s stadium.

The report adds that Levy’s astute running of Spurs has left the club’s finances in very strong shape compared to many of their rivals. As a result, it would take around £4 billion to complete a full takeover of Tottenham.

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Qatari sources deny Spurs takeover interest

There have been rumours over recent months that private investors from Qatar are looking to buy out Tottenham.

However, The Mail say that sources from the Middle Eastern country have distanced themselves from a move for the North London club.

The report adds that any interest in buying a minority stake or full buyout of Tottenham is likely to come from a US-based investment group rather than Qatar.

It has now been revealed that, as part of the new era at Tottenham Hotspur that the owners are trying to usher in, the club want to be competing with elite European clubs to sign the best players in the world.

The news of Daniel Levy’s departure from Tottenham took the supporters by complete shock, with no outlets or journalists catching wind of the monumental development before it unfolded.

Some sources have suggested that the Lewis family are trying to usher in a new era at Spurs and wants to prioritise sporting success.

As a means of doing that, it has now been claimed that the North London club’s transfer policy is about to change drastically.

Cash injection expected at Tottenham as they look to raise the bar

It has been revealed by TEAMtalk that Tottenham’s owners want this to be the beginning of an ‘ambitious new chapter’ at the club, and that is expected to be reflected in the club’s transfer activity.

The Lewis family have set their sights on reaching ‘unprecedented heights’ and want to implement higher standards at the club with a renewed vision of success.

In fact, it is explained that the transfer policy at Tottenham already shifted this summer, with the club targeting readymade players who are ready for the elite level despite initially eyeing younger starlets before the window opened.

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The report says that a cash injection is anticipated, with Spurs set to target ‘elite players’ across the next two years in order to give themselves a chance of competing for honours against the best clubs in Europe.

Tottenham officials want a change in the perception of the club

TEAMtalk say that high-ranking officials were left concerned by the perception of the club last season, amidst their struggles under Ange Postecoglou.

They are now demanding more from club personnel at every level as they set their sights on striving towards success.

The outlet suggests that we could see the club’s new transfer approach potentially kick into gear in January, with a top-class centre-back and a new attacking player expected to be on Tottenham’s radar.

Rumours are doing the rounds regarding the possibility of Tottenham Hotspur being sold following Daniel Levy’s departure, and a new report has now shed light on what the club’s majority shareholders, the Lewis family, are now thinking.

For more than a year now, there have been a lot of rumours of a mega-money takeover of Tottenham, but nothing concrete has materialised.

Naturally, some people connected the shock announcement that Daniel Levy has left his role as Tottenham’s chairman on Thursday, to the possibility of a change in ownership.

It has been claimed by The Sun’s Alan Nixon that the Lewis family are indeed considering a full sale of Spurs, 24 years after they secured the club from Alan Sugar.

Chances of change in ownership of Tottenham dismissed

However, those rumours have now been dismissed out of hand by Sky Sports journalists Lyall Thomas and Michael Bridge.

The pair reveal that the Lewis family remains committed to the long-term future of the North London club despite Levy’s dramatic exit on Thursday.

It is alleged that for the moment, the Lewis family are not considering selling their majority share of Tottenham.

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Spurs have held talks with potential investors

It has been widely reported over recent months that a group of private investors from Qatar have shown interest in a takeover of Spurs.

We also know that last year, former Newcastle owner, Amanda Staveley, held talks with Daniel Levy over investing in Tottenham Hotspur, while some sources have said that several American investors had shown interest in buying a stake in Spurs.

Daniel Levy retains a connection with ENIC despite stepping down as Tottenham’s chairman, and it has now been revealed whether he will have any role in the running of the North London club going forward.

Protests against Daniel Levy and ENIC reached a crescendo last season, with Spurs fans marching in the thousands, calling for Levy and ENIC to leave.

They have now partially got their wish, with Levy leaving his role as Tottenham’s executive chairman with immediate effect on Thursday.

Levy insisted that he is proud of what he and his team have achieved over the last two and a half years, insisting that Tottenham have been transformed into a ‘global heavyweight’.

Will Daniel Levy have any say at Tottenham?

Despite the 63-year-old stepping down, BBC Sport point out that Levy remains a shareholder in ENIC, the company that still own the majority stake in Tottenham Hotspur.

That means that Levy remains a part-owner of Spurs, but the outlet makes it clear that he will no longer have any involvement in the running of the club.

The report backs up what we have heard from other sources since last evening, explaining that the decision to move Levy on was made after a thorough external review of Tottenham’s operation earlier this year.

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Significant investment has been made into Spurs

BBC Sport say that the financial operation of Tottenham was also among the areas reviewed over the calendar year.

Following the review, the ownership decided to make a significant investment into Tottneham over the past few months, which is thought to have helped the Lilywhites in the transfer market.

A new report has suggested that Tottenham Hotspur’s announcement that Daniel Levy himself opted to step down as executive chairman of the club was untrue, with the decision taken out of his hands.

There has been some speculation that Levy’s departure may be a prelude to ENIC pushing through a full sale of Tottenham.

However, this has quickly been shut down by reports since last night, with the Lewis family expressing their commitment to bring sporting success to Spurs.

A new report has revealed that one aspect of Tottenham’s announcement on Levy’s departure was untrue, with the 62-year-old not leaving on his own terms.

Three figures played a key role in Daniel Levy’s Tottenham sacking

According to BBC Sport, Levy will leave Spurs with immediate effect and will not have a notice period at the club, which he oversaw for 24 years. The report claims that the timing of his removal after the end of the summer transfer window was a deliberate move.

Even though Tottenham said in their announcement that Levy has stepped down, the outlet claims that the decision was taken out of his hands. Spurs’ majority owners, ENIC, agreed that calling time on Levy’s tenure as chairman was required in order to bring greater sporting success to the North London club.

It is revealed that Joe Lewis only had a peripheral role in the decision for Levy to leave his post. Joe’s children, Vivienne and Charlie, are thought to have been key in making the decision, while his grandson-in-law, Nick Beucher, has also been involved.

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Vivienne, in particular, has been actively visible at Tottenham Hotspur over the summer, perhaps indicating a sign of things to come.

Levy had to work with one hand tied behind his back

BBC Sport also spoke to one source familiar with Levy’s work at the club, who suggested that the 61-year-old was given a very hard job.

Due to the lack of investment from ENIC, the source alleged that Levy had to operate with “one arm tied behind his back” throughout his tenure.

The long-serving Tottenham chairman thus had to work hard to diversify revenue streams, and the big question now is whether we will see a change in terms of the investment coming directly from the ownership.