Tottenham Hotspur chairman Daniel Levy could reportedly remain in control of the club’s day to day operations even if a potential takeover goes through.
Spurs have been under the control of ENIC International, a company majority owned by billionaire Joe Lewis but in which Levy also has an almost 30% stake, since 2007.
Levy has served as Spurs’ chairman since 2001 when ENIC first started buying up Alan Sugar’s shares, going on to revolutionise the club’s business.
On Levy’s watch, Spurs have become one of the biggest clubs in the world. On-field silverware since 2008 remains elusive, but the club has consistently played in the Champions League, revenues have topped £500m, and they are the proprietors of a world class stadium that creates major income through its ability to host NFL games, concerts and other major events.
Beyonce is performing six shows at the Tottenham Hotspur Stadium in June, with Paris the only other currently announced Cowboy Carter Tour stop outside the United States.
Tottenham are ready to welcome new investment. The Guardian writes that interest from Qatari bidders, not related to Paris Saint-Germain owners QSI or would-be Manchester United owner Sheikh Jassim, are exploring options that could include a phased buyout.
One option is Levy being offered a “long-term” management contract to continue running the club, even if ENIC were to become a minority shareholder in Spurs.
Tottenham have valued themselves at £3.75bn and are not yet in any takeover negotiations.
Levy, although undoubtedly a razor-sharp businessman, has usually divided Tottenham fans. There was apathy about a lack of investment at the peak of the club’s rise under Mauricio Pochettino, which arguably curtailed chances of ending a league title drought that began in 1961. His popularity has taken more of a hit this season, with Spurs slumped 14th in the Premier League table.