Daniel Levy’s stake in Tottenham Hotspur has decreased after missing a deadline to invest in a recent club share issue, the Press Association reports. The long-serving former chairman, who stepped down last September, failed to contribute his proportionate share of a £100m cash injection provided by the Lewis family, who now hold around 88% of the club.
What happened?
The Lewis family, who run Spurs’ majority owner Enic, provided a £100m cash injection this summer, increasing their stake to approximately 88%. Levy was given 60 days to invest at the same rate to maintain his 29% stake but missed Monday’s deadline. A source close to the Lewis family told PA: Daniel committed to funding and failed to do so, despite the extended deadline.
Why it matters for Tottenham Hotspur
This development comes amid reports of instability behind the scenes, including unverified claims that Levy sold his 24.99% share in Enic to American entrepreneur Brooklyn Earick. However, an ENIC spokesperson denied these reports. Meanwhile, the Lewis family continues to invest heavily in the squad, with £237m spent on transfers this summer, including new contracts for Pedro Porro and Micky van de Ven.
What comes next?
The club remains focused on strengthening the squad before the transfer window closes, with further reinforcements in attack targeted. Tottenham finished 17th in the Premier League last season with 41 points (10W-11D-17L), and the Lewis family’s increased control could shape the club’s future direction. Key players like Wilson Odobert, Xavi Simons, Dominic Solanke, James Maddison, and Mohammed Kudus are currently sidelined with injuries.
