Spurs' chairman Daniel Levy resigns after a 25-year tenure
Tottenham Hotspur's Daniel Levy Steps Down After Nearly 25 Years
In a significant move for Tottenham Hotspur, executive chairman Daniel Levy has announced his departure from the club after nearly a quarter of a century. Peter Charrington, a director of ENIC, will replace Levy in the newly-created role of non-executive chairman.
Levy took over from Alan Sugar in February 2001, and during his tenure, he has been instrumental in transforming the club. ENIC's acquisition of a majority stake in Tottenham Hotspur allowed Levy to become chairman, paving the way for the club's impressive growth.
Under Levy's leadership, Tottenham Hotspur has seen a number of significant changes. The club moved into its new stadium in 2019, and the training ground was also upgraded to a state-of-the-art facility. Despite these changes, the ownership and shareholder structure of the club has remained unaltered.
Tottenham Hotspur's trophy cabinet has also expanded under Levy's tenure. The club won the League Cup in 2008 and the Europa League in 2019, marking the first trophy since 2008. However, Levy's tenure has not been without controversy. Some fans have expressed frustration over perceived failure to pay wages for players capable of delivering English top-flight titles.
Levy is known for his tough negotiating style and has been a source of both admiration and criticism during his time at the club. His tenure as chairman has seen Tottenham Hotspur finish as low as 17th in the Premier League, but the club's worst finish under his leadership is a testament to the club's resilience and determination.
The club's latest victory, the Europa League, placed them in the lucrative Champions League for the seventh time under Levy. After winning the Europa League, Levy sacked manager Ange Postecoglou and appointed Thomas Frank.
With Levy's departure, the focus is now on stability and empowering the executive team, led by CEO Vinai Venkatesham. Levy expressed pride in the work he has done with the executive team and all employees, stating that they have built the club into a global heavyweight competing at the highest level.
Spurs are currently ranked ninth on the Forbes soccer rich list with an estimated value of $3.3 billion. The club has undergone a lot of change in recent months as they put in place new foundations for the future. The club announced this decision on Thursday, marking the end of an era for Tottenham Hotspur and the beginning of a new one.
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