Daniel Levy told to find ‘new partner’ in Tottenham deal amid ‘hostile’ reveal
Tottenham are still working at finding the right buyer to take Daniel Levy’s share in the Premier League club.
That is according to ex-Everton, Aston Villa, and Aberdeen chief executive Keith Wyness, speaking exclusively to Football Insider, amid Levy being in talks to sell his share in the club.
Levy stepped down as Spurs’ executive chairman in September after nearly 25 years in the role at the north London club.
Due to his 29.88 per cent share in ENIC, Levy still has an indirect investment in Spurs as the British investment company owns 86.91 per cent of the club.
Tottenham face ‘hostile situation’
Everton’s former chief Keith Wyness – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – states that Levy’s stake in Spurs is being valued at £1billion.
Speaking on the new edition of Football Insider‘s Inside Track podcast, Wyness thinks Spurs would want a “US-based group” to take Levy’s stake in the club.
He told Football Insider‘s Inside Track podcast: “Now this is a really interesting story and one that I’ve been trying to follow as closely as possible.
“He still owns, as you say, a major chunk of ENIC, which is still a majority owner of Spurs. And, you know, the story has broken claiming about a billion dollar valuation for Daniel’s stake. I don’t think the Lewis family would be happy with that group as a partner.
“I think they’d prefer somebody that they can work with a little bit closer, probably a US-based group. But I don’t know the shareholder agreement and how it sits in terms of if there are any ways that they can object to any particular partner.
“Of course, they could make it known to Daniel that they wouldn’t be happy, and that partner would realise they were coming into a hostile situation, which is not something they want to do. So I think it might be best for all concerned if they were to look at potentially another group and find some other solution for Daniel to move his shares into a more acceptable group for the Lewis family. That would be my feeling of where it sits right now. There’s no doubt.”
Tottenham reveal plan after Daniel Levy exit
Spurs will look to increase spending when Levy has sold his stake in the club, with their wage bill set to increase.
The club will look to close the gap on their Premier League rivals with Thomas Frank’s side currently lying 14th in the table.
Spurs came 17th last season under Ange Postecoglou, and have ambitions of competing at the top end of the Premier League table.