Home » £500m reasons why there is no chance of Daniel Levy being ousted at Tottenham
£500m reasons why there is no chance of Daniel Levy being ousted at Tottenham
By Bruce Grove -

Ever since the disastrous European Super League collapsed there have been calls for some of the owners of the so-called big six to sell up and leave, most notably at Tottenham, Man Utd, Liverpool and Arsenal.

Selling up is not really likely to happen at any of those clubs simply because the value of each of them right now has fallen since pre covid and it will take an offer at those pre covid levels to entice any of them to agree on a sale.

Last year Forbes valued Tottenham at £1.7B and so you have to think that a minimum of £2.0B would be required to persuade Daniel Levy and Joe Lewis to finally sell.

Now, Levy and his family own roughly 25% of Tottenham through ENIC, the exact figures are a little hazy but according to Tottenham shareholders page on the club’s website, ENIC owns 85.55% of Spurs and the Levy family owns 29.4% of ENIC, so roughly 25% of Spurs itself.

That means he would be in line for a cool £500m if the club is sold.

Based on that why would he even contemplate stepping down? It is highly unlikely that Lewis could force the issue even if he wanted to, however, why would he want to anyway?

According to the same Forbes ranking, the value of Spurs has increased 48% over the last two years. Lewis is not going to jettison a man that has increased his holdings by that sort of figure, he is a businessman after all.

Levy is immune to criticism, he does not do apologies and he just ploughs on regardless of the noise surrounding him. He has a vision and he will see it through and until Spurs get to a certain value level and a buyer comes along, there is almost no chance that Levy can be forced out.

All the protests and boycotts in the world will not change that, neither will calls from the Premier League for the executives to step down (The Athletic).

The reality is that we are stuck with Levy for now and we may as well get used to it.

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mikeyhughes
mikeyhughes
8 months ago

He should step down because everyone hates his guts. That’s a valid reason in my book.

James McKevitt
James McKevitt
8 months ago

Short of being bought out the only real danger to Levy is Daniel Levy.

He has had Spurs on an upward trajectory since ENIC bought the club, slowly and painfully at times and with increasing success in the last ten years.

The business side earns him top marks. The football side less so.

Could I suggest that he is losing his touch. The mistakes are coming more frequently.

He failed to support his best manager. He made a major error in appointing Mourinho. He gambled on the Super League and failed. He scored a massive own goal with the furlough scheme and showed he is not immune to criticism by caving in.

The opening of the stadium coinciding with Covid (obviously not his fault) has had serious financial implications.

What appears to be his biggest asset that he is untouchable protected by the huge value of the club and that he seems to be able to do what he likes could sow the seeds of his downfall.

mikeyhughes
mikeyhughes
8 months ago
Reply to  James McKevitt

“Upward trajectory”! Yeah right, up a chimney blocked with soot. Except for one tiny little hole allowing a chink of daylight – a solitary league cup in 2008. The rest is meaningless, we’re a failure on a galactic scale when it comes to football, and as none of us have seen a penny from the money Danny boy has allegedly made for enic, that’s all that counts. Forget the stadium, it’s all smoke and mirrors. Think of it as residing in the poshest hotel possible whilst the owners scam you for every penny they can.

Steve 'Killer Cushion' Williams
Steve 'Killer Cushion' Williams
8 months ago

Reportedly Madrid are lining up Maureen… Bale will love that when he goes back.

Steve 'Killer Cushion' Williams
Steve 'Killer Cushion' Williams
8 months ago

I’m pretty sure most of the fans have brains and realise all of this.. To all the ‘enic out’ posters, your shouting is futile.. You can type it a thousand times like Easty, you can scream it until you’re blue in the face, but unless you’re a multi billionaire and prepared to buy the club, and they are prepared to sell then you’re wasting your time.. It’s painful but these cretins could be in charge for another 20 years.

Tangangry
Tangangry
8 months ago

Jo Lewis hasn’t got 20 years in him, will be interesting to see what happens when he pops his clogs – but nothing will change before that.

HarryKaneIsInOurHearts
HarryKaneIsInOurHearts
8 months ago

I don’t think I’d mind him so much of he just dealt with the business side of things and didn’t micro-manage the footballing side. He’s clearly out of his depth when it comes to the football team and he only seems to be getting worse. Any businessman worth their salt would be able to see that and would simply hire people with the skills that are obviously lacking, in order to fill the gaping void. Instead Levy surrounds himself with “yes” men and we see the quality of football deteriorate season on season. Once fans are properly back next season we will not put up with what went on on the pitch this current season, it was unwatchable and unacceptable and hopefully we’ll be able to put pressure on the owners to sort things out as that’s all we can really do.

Sandro
Sandro
8 months ago

Exactly the point I made last week – Levy seems to be good on the financial side – he showed his lack of football knowledge in the Amazon doc when he tried to tell Jose how great Winks was playing. Watch it again, you can see the look on Jose’s face is like ‘wtf you really are clueless about players’.

HarryKaneIsInOurHearts
HarryKaneIsInOurHearts
8 months ago
Reply to  Sandro

That’s the funniest part of the whole doc, Jose’s face is classic.

mikeyhughes
mikeyhughes
8 months ago

Levy would be out of his depth in a kiddies paddling pool.

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