Touchline Sport
Daniel Levy agreed a deal in June that was supposed to provide his financial exit from Tottenham Hotspur. More than three months later, he is still waiting for the money.
Bloomberg reports that more than
The June announcement was slightly awkward from the start. Eight Sports said it had agreed to buy the stake from trusts connected to Levy’s family, before ENIC responded that neither it nor Tottenham had been informed of a completed sale.
Three months later, that distinction looks fairly important.
Tottenham’s latest official shareholder information still shows trusts linked to Levy and his family holding 27.38% of ENIC, with the Lewis family controlling the remaining 72.62%. ENIC itself owns 88.30% of Spurs.
The balance has already started moving away from Levy. The Lewis family put another £120 million into Tottenham this month, taking their investment over the past year to around £320 million. Levy had the chance to contribute during an earlier capital raise but did not do so before the deadline, reducing his ENIC holding from 29.88% to 27.38%.
Another round of funding without him could dilute that further, although Tottenham’s official shareholder page has not yet recorded another change.
It comes during a much wider change at Spurs.
Levy stepped down as executive chairman in September 2025 after almost 25 years in charge, bringing an end to an era that included the move from White Hart Lane, the opening of the Tottenham Hotspur Stadium, regular Champions League football and the club’s Europa League win in 2025.
The final years were far less comfortable, with repeated managerial changes, growing supporter frustration and consecutive 17th-place Premier League finishes.
The Lewis family have become much more visible since then. In May, they told supporters they had no intention of selling the club and promised further investment after admitting Spurs needed a deeper rebuild.
“We are not selling the Club. We are all in. We are investing in it.”
The money has followed. Levy, meanwhile, is trying to sell most of what he still owns while the family around him continues putting more into the club.
Bloomberg also reports that the delayed payment has led to one fairly unsurprising Levy development.
Levy is reported to have requested interest on the outstanding money and a private jet as part of compensation for the delay.
Neither request has been publicly confirmed, but after almost 25 years of squeezing every last bit out of transfer negotiations, Levy was hardly likely to let a late billion-dollar payment pass quietly.
Eight Sports chairman Wing-Fai Ng declined to discuss the talks, while Tottenham, the Lewis family and Levy also declined to comment.
The deal can still be completed. Until it is, Levy remains financially tied to Tottenham while the Lewis family continue reshaping the club without him.
For someone who spent nearly 25 years getting deals over the line at Spurs, this one is taking a while.
If this one landed, the newsletter’s where the rest of it lives — two or three pieces a week, no noise.
Subscribe