Tottenham find themselves in a state of turmoil, and for reasons that have little to do with performances on the pitch. It all began when the Lilywhites made the shocking decision to relieve Daniel Levy of his duties as the club’s executive chairman. Few expected the Lewis family to part ways with Levy so soon after the recent transfer window, especially given how instrumental he was in shaping the North London club’s summer plans.
However, after 24 years at the helm, the Spurs hierarchy had grown weary of the lack of on-field success during Levy’s tenure. While the former chairman succeeded in commercialising the club and expanding its global profile, the Lewis family reportedly wanted to shift their focus towards achieving sustained footballing success. Their decision to act swiftly and dismiss Levy signalled a clear change in direction for the club’s future.
To their credit, ENIC’s majority stakeholders also pledged to inject £100 million into the club over the coming months. This investment is intended to be used exclusively for player transfers and wages in the upcoming window, giving Thomas Frank both financial backing and a clear mandate to build on last season’s Europa League triumph.
Recent reports suggested that a 12-man US consortium, headed by Brooklyn Earick, tabled a £3.3bn offer to buy Tottenham in the coming months. They also promised to invest a further £1.2bn for player transfers and wages for the upcoming transfer windows. However, to everyone’s surprise, the Lewis family maintained their stance of staying put at N17 despite some concrete negotiations, forcing Earick to back down eventually.
Stefan Borson has since suggested that the majority shareholders of ENIC are staying true to their word and do not have any intentions of selling Spurs. Speaking to Football Insider, Borson said,
“It increasingly looks like they’re not bluffing. Getting rid of Rothschild’s as your advisor is a statement that you’re not really engaging and you don’t really want to sell, which is consistent with what they’ve said publicly.”
The finance expert added,
“I mean, they have been pretty blunt about that desire for certainly the Lewis family side of things to keep the asset to keep the ownership. They’re very visible now at games home and away, so I think you can start to take them on face value that they’re not really looking for a buyer.”
Borson believes the Lewis family’s rejection of Earick’s takeover bid is a strong indication of their commitment to Tottenham. The ENIC stakeholders appear determined to retain their shares and fulfil their stated ambition of restoring the club’s former glory. Members of the Lewis family have also been seen attending matches regularly, further underlining their renewed involvement and interest in the club’s success.
By the looks of it, no amount of money will be enough to convince the Lewis family to sell their stake at N17. Their primary focus now lies in bringing silverware back to North London and ensuring Spurs compete consistently for major honours in the years ahead. That’s undoubtedly encouraging news for the fans — but it will take more than promises to win back the full trust and belief of the Tottenham faithful.
More must-reads:
Get the latest news and rumors, customized to your favorite sports and teams. Emailed daily. Always free!