Levy Steps Down as Tottenham Executive Chairman

Tottenham’s long-serving executive chairman Daniel Levy has stepped down after almost 25 years at the helm of the club.

Levy was appointed in March 2001 and leaves after Spurs won the Europa League in May to end a 17-year wait for a trophy.

The 63-year-old was the Premier League’s longest-serving chairman and earned an estimated £50m-plus during his time in charge, but he was also the target of regular protests from Spurs fans, especially last season.

“I am incredibly proud of the work I have done together with the executive team and all our employees,” said Levy, who built a reputation for being a shrewd operator and tough negotiator.

“We have built this club into a global heavyweight competing at the highest level. More than that, we have built a community.

“I was lucky enough to work with some of the greatest people in this sport, from the team at Lilywhite House and Hotspur Way to all the players and managers over the years.

“I wish to thank all the fans that have supported me over the years. It hasn’t always been an easy journey but significant progress has been made. I will continue to support this club passionately.”

Tottenham’s European trophy success last season came against the backdrop of a difficult Premier League campaign in which the team finished 17th under Ange Postecoglou, who was sacked in the summer and replaced by Thomas Frank.

There were a number of protests aimed at Levy last season, with prominent banners at the home defeat by Leicester in January carrying the messages “Our game is about glory, Levy’s game is about greed” and “24 years, 16 managers, 1 trophy – time for change”.

There were also regular chants of “Levy out” during the campaign.

During his tenure, Levy oversaw the switch from White Hart Lane to the £1bn state-of-the-art Tottenham Hotspur Stadium, which the club made their new home in 2019.

Football finance expert Kieran Maguire has described Tottenham as the “most profitable club in Premier League history” because of the money their new stadium generates, a historically lower wage structure and a “degree of caution” on transfer spending.

Tottenham have been making key appointments in recent months. Before Frank’s arrival, the club named Vinai Venkatesham as their new chief executive in April.

Peter Charrington becomes non-executive chairman, a new role, following Levy’s exit.

Charrington, a director of Tottenham’s owners ENIC, was appointed to the Spurs board in March as a non-executive director.

In announcing Levy’s departure, the club added there would be “no changes to the ownership or shareholder structure”.

Charrington said: “I would like to thank Daniel and his family for their commitment and loyalty to the club over so many years.

“This is a new era of leadership for the club, on and off the pitch. I do recognise there has been a lot of change in recent months as we put in place new foundations for the future.

“We are now fully focused on stability and empowering our talented people across the club, led by Vinai and his executive team.”

Credit: www.bbc.com