Daniel Levy's Tottenham exit arrangement now 'deeply odd' as £27m compensation package emerges

Daniel Levy is still struggling to sell his ENIC stake after being separately paid £27million in compensation from Tottenham Hotspur.

The former Spurs owner was reportedly paid £27m to remove himself as chairman of the club, in what has been described as one of the biggest such compensation packages in Premier League history.

This is a separate transaction from what's currently happening with him and his stake in the club, which he is still trying to sell.

This summer was supposed to bring him over £750m, but some of the money has yet to arrive in his bank account.

The lifelong Tottenham fan has been hopeful that Eight Sports Capital Ltd., fronted by Hong Kong businessman Wing Fai Ng, would be the company to buy 24.99 per cent of his stake in the Lilywhites, as reported by BBC Sport.

The delay has made the potential of Levi selling his ENIC stake in Spurs all a bit messy, with further demands asked of Ng.

Why Daniel Levy's Tottenham stake transaction is 'deeply odd'

According to a report from Bloomberg on Tuesday, Levy's stake in Spurs is still being diluted after the Lewis family pushed him out of the club.

Joe Lewis and Co. invested another £120m into the Lilywhites recently, adding to what they had already injected last season.

Levy is struggling to sell his ENIC stake to Eight Sports Capital Ltd., and has begun demanding interest from Ng for the delay after a deal had already been agreed.

He's even asked for a private jet to also be part of the deal, which is now said to be hanging in the balance.

Levy has been paid £27m in compensation for removing himself from his position as Spurs chairman, but he still wants this separate deal to go through regarding his stake.

Finance expert Stefan Borson was right to question the news when reacting to Bloomberg's report on X.

He wrote: "All deeply odd. Why £27m? Weird deal. Private plane?"

Levy's Tottenham exit has been odd because it hasn't been the conventional way that a chairman usually walks away from a club.

Being a significant shareholder in ENIC has made things more complicated, but the fact that he's asking Ng and Co. for these additional demands is bizarre, especially a private jet.

The irony behind Levi's sale negotiations

Levi's reputation is at risk the longer this deal goes on. An agreement was in place months ago, and he's still struggling to get things over the line.

But the fact that it may fall through due to him messing on with the finer details towards the end of the proposed sale is very ironic.

Where have we seen this before?

The Lewis family are looking to take the Lilywhites forward, and have invested £350m into Roberto De Zerbi's squad this summer.

The previous salary cap looks to have been alleviated as Tottenham aim to achieve silverware success once again.

Though De Zerbi's side has started the season off very poorly, there will be confidence in the boardroom that things can turn around.

Only time will tell if Levy's exit was good for the club or not.