Tottenham are going through a turbulent time on the pitch. They are staring into the possibility of relegation, sitting just a point above the drop zone.
To try to keep themselves in the Premier League beyond this season, Tottenham have appointed Roberto De Zerbi. The Italian will have no time to waste, with his primary focus to keep the Lilywhites in the top-flight.
However, there are concerns over whether a volatile figure like De Zerbi can work well in a volatile club like Spurs.
This is because while their on-pitch issues are quite evident, the club is also involved in multiple issues involving their hierarchy.
Daniel Levy could sue ENIC over Tottenham shares
The Tottenham hierarchy has undergone a major change in recent years. Joe Lewis transferred his majority share in ENIC (English National Investment Company) to the Lewis Family Trust in 2022.
Daniel Levy shockingly departed the club last summer, with Vinai Venkatesham brought in as the chief executive.
Now, as per a report by Bloomberg, Levy is considering suing ENIC as he believes he is owed 10% more in stocks of the club. The report stated:
“Levy has considered suing his former business partner after being unceremoniously thrown out of the club he ran, according to people familiar with the matter.”
Also Read: Paul Merson pinpoints biggest ‘problem’ Tottenham will face under Roberto De Zerbi
As per the report, Levy was unceremoniously fired and wasn’t even allowed back to take his belongings. He then hired a law firm named Proskaeur and is reportedly considering a lawsuit against ENIC. Levy believes he is owed 10% more stake in ENIC to add to his and his family’s existing 29.88% ownership.
Bloomberg states:
“If Levy eventually gets the shares, it would place him over the 30% threshold and trigger a mandatory, all-cash offer for the rest of ENIC.”
Notably, Levy is also open to selling his shares in ENIC and Tottenham. He reportedly values it at around £1 billion. A Hong Kong businessman, Ng Wing Fai, is leading a consortium to potentially buy Levy’s stakes.
Meanwhile, the Lewis family are reportedly also said to be open to investment.
More about Tottenham’s ownership
Levy and his family have a history of business. He joined hands with Joe Lewis to form ENIC, as they bought multiple clubs, including Glasgow Rangers, Vicenza in Italy, AEK Athens, and Slavia Prague.
They bought Tottenham in 2001, with Levy becoming the chairman. With the club being financially successful, ENIC sold off its stakes in the other clubs.
Meanwhile, under their leadership, Tottenham became a financial powerhouse and improved on the pitch as well, but failed to consistently win trophies. Spurs have won just one Carabao Cup and one Europa League under ENIC.
On the pitch, the north London side is now facing the prospect of relegation. While it will be a massive football failure on ENIC’s part, it will also be a huge financial blow.
