A very strange situation is brewing at Tottenham, according to one of the very best football finance experts.
Daniel Levy walked away from the day-to-day running of the football club last year in a surprise decision that came shortly after Tottenham won the Europa League.
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It’s not believed that the Lewis family are looking to sell Tottenham any time soon, but the situation with Levy took a strange turn on Friday following an intriguing announcement
Daniel Levy sells shares in Tottenham
Last week, it emerged that Levy had sold a 24.99% stake in Tottenham – without the knowledge of the club’s owners.
It’s thought that Levy sold the stake of Tottenham’s parent company Enic without anyone at the North London-based club’s knowledge.
A press release was made by Eight Sports Capital Limited in a press release, with the Lewis family, Tottenham or the Premier League not aware.
On the back of this news, we spoke to football finance expert, Adam Williams, who lifted the lid on the situation at Tottenham and it all sounds a little bit messy.
He told The Spurs News: “This whole saga is very, very strange. It’s a messy divorce between Levy and the Lewis family, that is for sure. You don’t get many hostile takeovers in football, or part-takeovers in this case.
“The fact that ENIC say they aren’t aware of an agreement suggests that Eight Sports have jumped the gun. I would, however, be absolutely stunned if this were entirely fabricated. The fact that Levy hasn’t come out and said that this is wrong, as is de riguer when something as black and white as this is erroneously reported, is pretty telling. I think it’s more likely that the deal between Levy and Eight Sports is all but done, but the legal formalities aren’t 100 per cent finalised.
“Premier League clubs are required to disclose any beneficial ownership over 10 per cent too. The supposed Eight Sports deal meets that threshold, so it’s not as though you could have a covert deal when all is said and done. And yes, that applies even though Eight are investing in the parent company, not Spurs itself. So, whoever isn’t presenting the whole truth will be outed soon enough.
“The other possibility is that this is a stunt. But there are some credible people involved. Granted, there are some actors who appear less credible as well. But I’d be shocked if Richard Tsai and Wing-Fai Ng were happy for their name and the company, Triller, to be used for those purposes. The fact that Spurs disclosed a previous bid by a group involving Ng to the UK Takeover Panel confirmed that they thought it was credible. That said, both the M&A and the PR strategy here look anything but.
“We know that the relationship between Levy and the Lewis family is now deeply, darkly acrimonious. There’s talk of Levy suing over his departure and believing he is entitled to more shares. Maybe the Lewis family distancing themselves from the deal between Levy and Eight Sports is simply a way for them to try to discredit it in the eyes of supporters and the media.
“However, my main take-home from the situation at the moment is that it is just really, really bizarre. Just when you thought you’d seen it all, football finance never fails to surprise you – and usually for the worse.”
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Levy was often criticised during his time at Tottenham, largely for his turnover of managers and his inability to recruit players properly.
His departure felt almost inevitable, but given that another 17th-place finish occurred in the Premier League during 2026/27, there are still reservations regarding the hierarchy.
Tottenham have some issues to sort behind the scenes and hopefully, this Levy situation doesn’t get out of hand and become even messier than it feels right now.
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