Daniel Levy's Tottenham stake 'diluted' after latest Lewis Family move - Stefan Borson

Daniel Levy will continue to own a decreasingly smaller stake in Tottenham Hotspur as the Lewis Family pump in more cash.

That is according to former Manchester City financial adviser Stefan Borson, who exclusively told Football Insider that the former chairman is unlikely to have matched the owner's latest investment.

The Lewis Family have injected another £120million into the club, taking their total investment to £320m in the last 12 months.

Levy had still held a 29.88 per cent stake in North London, but after missing a key deadline during the summer, his share was reduced.

Spurs' owners were not messing around during the summer, splashing over £300m on transfers, but it has not entirely worked out on the pitch just yet.

Now, the Lewis Family's latest injection of cash has sparked questions what that means for others behind the scenes, and it appears to be pushing Levy out.

'Daniel Levy's influence will continue to be reduced'

Speaking exclusively to Football Insider, Borson suggested that Levy will continue to be pushed out of Tottenham, as the Lewis Family invest further.

"It's very likely that he's been diluted and will continue to be diluted by future investments by the Lewis family," he said.

"They're acting like new owners, because the way that they're putting money into the club has just radically changed from the historic prudence of the club.

"It'll be interesting to see how that changes over the next few weeks when these shares are issued and when we have that confirmation.

"It's going to keep happening because Daniel Levy has a very valuable stake in Tottenham via ENIC, unless he sells it, of course.

"He probably doesn't have the liquidity, the cash, to follow the investment round, and that means that if the Lewis family continues to put money in, he will be diluted down each time.

"Clearly at the moment, there's no sign really that the club's going to generate the cash such that they're self-sufficient."

How much of Tottenham does Levy own now?

After the latest round of investment, which the former chairman decided to miss the deadline for, his stake dropped to 27.38 per cent.

That is likely to have reduced even further, as the Lewis Family continue to show ambition in their spending behind the scenes.

Some supporters have suggested that this is a sign of what's to come in the January transfer window, but it is more likely to be for the every-day running of the club.

That is not to say that the Lilywhites won't spend big in January, though. If current form continues, there could be some panic buying in the window.