'He lives close to Joe Lewis' - Tottenham's new man is 'not a football guy at all'
Peter Charrington “is a Joe Lewis man” after being promoted to non-executive chairman at Tottenham following Daniel Levy’s departure.
Tottenham confirmed Levy has stepped down as executive chairman on Thursday (4 September) after spending 24 years in the role.
Levy and members of his family own a 29.88 per cent stake in ENIC, with Lewis’s family trust holding the remaining 70.12 per cent.
Finance expert Stefan Borson exclusively told Football Insider Charrington, who is a director of ENIC and former CEO of Citi Private Bank, lives close to Lewis in the Bahamas.
Tottenham fans told 'careful what you wish for' after Daniel Levy exit
Alongside Charrington, Vinai Venkatesham will now steer the ship after he was appointed as Tottenham's CEO in April.
The Spurs chief previously spent four years working in the same role at north London rivals Arsenal between 2020 and 2024.
Speaking exclusively to Football Insider, Borson said: “It looks very clear that Charrington is a Joe Lewis man.
“He lives close to Joe Lewis in the Bahamas, so he’s part of that community, and he’s a co-owner of one of the major Lewis businesses.
“He’s former CEO of Citi Private Bank, so he’s clearly not a football guy at all.
“Look, Spurs have lost a lot in terms of the quality of Daniel Levy.
“I mean, obviously he's a controversial character, but they've lost 25 years’ experience of somebody that's run a football club. They've lost it overnight.
“I think a lot of Spurs fans will probably be celebrating, but you've got to be careful what you wish for with changes like this.
“For all of Daniel Levy's probably faults as to underspending in certain ways in a very competitive market, he's definitely managed the thing from a financial perspective fantastically well, so it's a very interesting development.”
Daniel Levy has boosted Tottenham's finances
While Levy has been a controversial figure among Tottenham fans, he leaves the club in a strong financial position following his departure.
Spurs’ latest published accounts for 2023-24 revealed their turnover fell from £549.6million in 2022-23 to £528.2million, but their commercial revenue increased from £227.7million to £255.2million across the same period.
In terms of matters on the pitch, Thomas Frank has picked up six points from his opening three Premier League matches in charge of the club, having replaced Ange Postecoglou in June.
For more Tottenham and exclusive news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.