Tottenham details have been ‘leaked’ as Daniel Levy fallout takes new twist
Daniel Levy’s relationship with Tottenham’s owners appears to have deteriorated after a new update has emerged.
Tottenham confirmed Levy stepped down as executive chairman on 4 September after spending 24 years in the role.
In a new development, Bloomberg reported on Tuesday (9 December) Tottenham are conducting an accounting review into Levy’s tenure as part-owner and custodian of the club.
While the news outlet said there is “no indication of wrongdoing”, the review is understood to cover all commercial aspects of Spurs’ operation.
Tottenham are ‘trying to find wrongdoing’ after Daniel Levy reveal
Former Man City financial adviser Stefan Borson exclusively told Football Insider somebody has “leaked” the details about Tottenham’s accounting review.
Levy still has an indirect investment in Tottenham due to his shares in ENIC, the club’s majority shareholder.
ENIC owns an 86.91 per cent stake in Spurs, while Levy and members of his family hold a 29.88 per cent share in the British investment company, and Joe Lewis’s family trust own the remaining 70.12 per cent.
Speaking exclusively to Football Insider about whether the review is a sign of a breakdown between Levy’s relationship with Spurs’ owners, Borson said: “I mean, I think it’s definitely a sign of that and the fact that it’s even in the public domain is a further sign of it because it shouldn’t be something that anybody knows about, so somebody’s leaked it and we know for sure it’s not Daniel Levy.
“Somebody has seen fit to put that story out into Bloomberg.
“The relationship is not good, and you can write all day long that there’s no suggestion of any wrongdoing from Daniel Levy, but you don’t conduct an accounting review, a forensic review of what happened in the past, unless you’re trying to find some wrongdoing or reasons to leverage your position in a dispute.”
ENIC director Peter Charrington was appointed as non-executive chairman following Levy’s exit, with Vinai Venkatesham operating as chief executive following his arrival earlier this year.
Levy could be involved in Tottenham legal dispute
Levy was previously a close ally of Lewis, who handed over the ownership of Tottenham to his family trust in 2022.
The 88-year-old’s daughter Vivienne, his son Charles and Nick Beucher, the husband of Vivienne’s daughter, have become more actively involved in the running of Spurs over the past few months.
Borson insisted there is “something going on” behind the scenes after the review has been revealed.
“It may be that they are in some sort of legal dispute about Levy’s exit or the shares or something of that nature,” said Borson.
“It’s a bad read across. There’s obviously something going on. There’s obviously a breakdown of the relationship and, as I say, it’s not just the fact that this is happening, but it’s the fact that we know about it.”
Spurs’ latest published accounts for 2023-24 revealed their commercial income increased from £228m in 2022-23 to £255m under Levy.
That helped Tottenham generate the fifth-highest revenue in the Premier League after their turnover stood at £528m for 2023-24.
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