Daniel Levy update shared as Tottenham at centre of £100m development
Daniel Levy recently left Tottenham Hotspur after nearly 25 years at the North London club.
Levy suddenly resigned from his Tottenham post as Executive Chairman in news that shocked many people across the world of football.
Levy was criticised by Spurs fans frequently during his tenure, but he did oversee some successes while at the club.
There has been a lot of change at Tottenham this year, and there appears to be more reshuffling behind the scenes.
Tottenham set for new shareholder
Tottenham received news of a new shareholder this week, with Michael Ashcroft having bought a 3.4 per cent stake in the club.
Ashcroft is the son of the former Conservative Party deputy chairman and billionaire donor Lord Michael Ashcroft.
Lord Ashcroft has been a long-standing investor at the Tottenham Hotspur Stadium and once owned a 4 per cent stake in the club.
The London Stock Exchange released a public filing on Tuesday that reveals that the businessman and hotelier acquired 8,023,942 Tottenham shares last Friday.
While the purchase price was not disclosed, recent valuations suggest the stake is worth around £100million.
Tottenham’s majority owners ENIC have denied any rumours of a sale of the club and have not sold any of its current shares.
Levy owns 29.88 per cent of the ENIC shares at the club, despite vacating his position earlier this month, and that has not changed despite this update.
Tottenham transfers to be impacted by boardroom changes
ENIC have made the bold decision to move away from Levy, which could impact Spurs in the upcoming transfer market
Levy was known to be a tough negotiator, which has been seen as an obstacle in getting deals over the line.
| Tottenham’s record transfers | Fee |
| Xavi Simons | £56.7million |
| Dominic Solanke | £56million |
| Mohammed Kudus | £55.7million |
| Tanguy Ndombele | £54million |
| Richarlison | £50million |
Harry Kane may return to Tottenham in a sensational transfer next summer, with the lack of Levy’s presence seen as a real factor.
The former Executive Chairman is thought to have implemented a wage structure, which Kane would be above, but without Levy there, Tottenham could pounce.
Kane may not end up coming back to Spurs, but it is clear that the club are prepared to be more bold than ever in the transfer market.
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