Daniel Levy could shake up ENIC for good as Tottenham watch on after £1bn developments
Daniel Levy is no longer Tottenham chairman, but his fingerprints are still all over.
Tottenham shocked the footballing world when they announced Levy’s departure last September after 24 years at the club.
Currently, Tottenham is owned by ENIC, with the investment company holding a controlling 86.6 per cent stake in the north London outfit.
The British firm is owned by the family trust of Joe Lewis, while Levy and his family have a 29.88 per cent share themselves.
Months on from his Spurs departure, reports suggest Levy is looking to sell his ENIC stake, with the likes of United States investor Brooklyn Earick said to be interested.
Daniel Levy still making his mark amid Tottenham power struggle
According to The Telegraph, the Lewis family have “no control” over who Levy sells his lucrative ENIC stake to.
The report adds that his stake comes with “no preferred bidder or first refusal status”, should the Lewis family take further interest.
Levy is said to be looking to cash in on his pot at the firm, five months after being “forced out” of Tottenham, but it won’t affect ownership at the North London club.
The 63-year-old, who can sell his portion to whomever he wants, is reportedly not close to selling his shares to anyone.
Levy is allegedly hopeful of getting £1bn for his shares, but insiders doubt that will happen as it is a minority stake and he offers “no position of influence or power”.
His stake reportedly does not come with voting rights, a place on the board, or a “position of influence” at Tottenham either.
- Read more: Daniel Levy cornered by Lewis family as Tottenham situation threatens to turn ugly amid £3bn update
Tottenham owners’ stance on selling the club amid Thomas Frank struggles
Amid all these reports of Levy, ENIC, and the Lewis family, Tottenham boss Thomas Frank is fighting to save his job.
Despite six new signings joining Tottenham in the winter window, technical director Johan Lange has sparked consternation among fans over the transfer business.
One thing that could make this worse is an unstable board.
However, the Telegraph adds that the Lewis family have no plans of selling Tottenham, and even if Levy’s ENIC stake is sold, they remain in full control of the club’s destiny.
Incidentally, a Telegraph source told the publication: “It’s hard to know why Daniel’s stake would be attractive to anybody other than the Lewis family. It’s a stake in ENIC, not Tottenham.
“It wouldn’t give anybody else any influence over the club or any advantage in terms of trying to buy the club in the future. Other than potentially trying to buy it to make some money on, it comes with absolutely nothing.”
An intriguing period lies ahead for Tottenham, both on and off the pitch, with ENIC possibly set to be shaken up for good.