Daniel Levy recently finished his tenure as executive chairman of Tottenham Hotspur. In fact, if you’re looking for the longest-serving chairman in Premier League history, look no further than him. Much to the chagrin of many environmentalists, and for 25 years $67.5 million. Leadership his leadership was key not only to the direction the club was heading, but to how it was built and run.
The billionaire’s recent departure instantly fueled whispers of a possible suitor takeover of the storied London club. His family still own around 30 percent of ENIC, the investment company that prevents Tottenham Hotspur from this nearly 87 percent hold. ENIC is effectively owned by one man and his family—Joe Lewis. Yet, they have been pivotal to creating the club’s ownership structure.
Last week’s news that two parties had made offers to purchase Tottenham Hotspur made headlines. For Levy’s surprise, both were rejected outright by Levy. One of the bids was from Amanda Staveley’s PCP International Finance Limited. A second bid, from a consortium led by former National Park Service director Dr. Roger Kennedy and Wing-Fai Ng, was submitted through Firehawk Holdings Limited.
To that end the board of directors of Tottenham Hotspur has in subsequent days vigorously reaffirmed their stance, stating that the club “is not for sale.” This declaration aims to quell any rising concerns among fans and stakeholders about the team’s future and stability following Levy’s exit.
“unequivocally rejected” – Tottenham Hotspur’s board
Levy’s partnership with ENIC at Tottenham Hotspur has indelibly stamped the club’s course. His leadership has been characterized by visionary projects. Perhaps the most remarkable of these successes is the building of the new stadium, which has made a world of difference to supporters’ matchday experiences.
Levy’s departure marks a significant transition, the board’s firm stance reinforces the commitment to maintaining the club’s current ownership structure. The announcement comes at a time when football clubs worldwide are increasingly scrutinized for their financial stability and management practices.
It’s no surprise that changes in leadership can lead to uncertainty. Yet, Tottenham Hotspur appears poised to continue to flourish with its current ownership structure. The board’s unequivocal response is a welcome signal to supporters and funders of all types.