Showing posts with label ENIC. Show all posts
Showing posts with label ENIC. Show all posts

Friday, 5 September 2025

TOTTENHAM HOTSPUR CHAIRMAN DANIEL LEVY LEAVES AFTER 25 YEARS IN CHARGE


In news that will send shockwaves through the entirety of Spurs, Daniel Levy has stepped down as Executive Chairman of Tottenham Hotspur after serving in the role for nearly 25 years, which made him the longest serving chairman in the Premier League.



In a statement on the Tottenham Hotspur website, Levy said “I am incredibly proud of the work I have done together with the executive team and all our employees. 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.”

Changes

The statement also said “As part of its succession planning, the club has made a number of senior appointments in recent months … This is all part of the Club’s ambition to ensure that it is set up to deliver long-term sporting success.”



This was called back in July by Spurs insider Paul O’Keefe on X as he said that Spurs would “see a management reshuffle as well as new roles. Likely Levy stays but potentially in a different/reduced and perhaps even non-football related role – Vinai’s appointment and the departure of Cullen were the first part of a broad realignment of the club.”

Levy didn’t end up staying and his departure has been the most high-profile of these changes. Peter Charrington steps into the newly created role of non-executive chairman, presumably taking up some of Levy’s duties.

Charrington said of his appointment, “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.”



Vinai Venkatesham was appointed as CEO over the summer to work alongside Levy to run the footballing operations of the club but will now take a more hands on approach with the day-to-day running of the club following Levy’s departure.

It should be noted that Levy’s departure has nothing to do with the ownership structure of the club as, according to reliable Spurs journalist Alasdair Gold on X “Levy and his family still own (or are beneficiaries of) 29.88% of ENIC’s share of the club.” Spurs confirmed as much in their statement on the website.

Other changes included the return of Fabio Paratici in a consultancy role before reassuming his old job of Managing Director by the 1st of October following the conclusion of his 30-month worldwide footballing ban.



The aforementioned Donna-Maria Cullen, someone who was on the board of Spurs for over 20 years and was considered one of Daniel Levy’s most faithful allies, also departed earlier in the summer.

On the pitch, club legend and former captain Heung-min Son left to join LAFC and in the dugout was yet another change as Europa League winning boss Ange Postecoglou was sacked. This paved the way for ex-Brentford boss Thomas Frank to take over as men’s first team coach. Spurs Women manager Robert Vilahamn was also sacked and replaced with Martin Ho.

Protests

Levy’s departure comes off the back of some of the most visceral and passionate protests against Levy and ENIC’s ownership since the European Super League proposals. At one such protest, thousands turned out to march and show their unified discontent at ENIC’s ownership and a perceived lack of ambition.

Chants echoing around the Tottenham Hotspur Stadium included “We want Levy out, say we want Levy out.” A more creative one included Spurs’ Swedish attacker Dejan Kulusevski. “I don’t care about Levy, Levy don’t care about me. All I care about, is Kulusevski.”



For some Spurs fans, Levy’s departure will feel like Christmas come early, such was the discontent and malevolence felt towards him by some sections of the fanbase. In their eyes, Spurs were treated like a business, not like a football club. They became content with top 4 finishes, prioritising Champions League revenue over trophies.

They didn’t maximise the potential that the early promise under ENIC had shown. With the lowest wage to turnover ratio of any club in the Premier League, Spurs are amongst the most financially healthy clubs in the world, but with a trophy cabinet unbefitting of that status.

They didn’t back managers when they needed it, most pertinently the “painful rebuild” Mauricio Pochettino demanded, only to be sacked a few months after making those comments. He would later come to be proven right, angering those same sections of the fanbase that would later come to protest him.



For others, Levy’s departure will feel bittersweet. After all, Levy and ENIC turned Spurs into a global footballing powerhouse (trophies aside), with one of, if not the, best stadium in the world and facilitated the infrastructure that bred the teams of Redknapp, Pochettino and Ange’s Europa League winners.

Whichever way you look at it, this summer has looked like the beginning of a new era for Spurs, more so than any other “new era” since Pochettino’s departure and the new management team will have to ensure success is delivered under their watch to avoid another 17 year wait for a major honour to come to N17.

- Mikey Kouwiloyan

Monday, 19 May 2025

MANCHESTER UNITED AND TOTTENHAM SET TO TRIGGER HUGE £1B N WINDFALL, IT'S NEVER HAPPENED IN PREMIER LEAGUE BEFORE

The Europa League final between Tottenham and Manchester United is already rich with narrative – and the finances behind the clash in Bilbao are far, far bigger than just UEFA prize money.

For Tottenham, who have the chance to end a 17-year silverware drought, it could turn a season which has been historic for all the wrong reasons into one that will be cherished by fans forever.

For Manchester United, finals are usually about glory, but this one is more about saving face.

It’s a remarkable lifeline for both clubs, who have each failed to reach the 40-point mark in the Premier League that has historically been the benchmark for avoiding relegation.



Europa League final: Champions League qualification cash is just the start for Spurs and Man United

By now, readers will be well aware of what is at stake financially in terms of Champions League qualification, which winning the Europa League delivers.

Before a ball is kicked in next season’s Champions League, whoever wins the 2024-25 Europa League final will have earned more than £50m from UEFA, with performance-related bonuses taking potential winnings north of £100m. The new 36-team format is extraordinarily lucrative.


Photo by Alex Caparros – UEFA/UEFA via Getty Images

Incidentally, UEFA introduced the NEW model to placate former Super League clubs, including Spurs and the Red Devils, who have consistently lobbied for more money-spinning European fixtures even if for Ruben Amorim and Ange Postecoglou the rigours of a bloated matchday calendar are a fitness headache.

This is the reality of football finance, however. It’s the same system that allowed Tottenham and Manchester United to spend a combined £922m on their squads last season.



Winning the Europa League would carve out precious headroom under Profit and Sustainability Rules (PSR), which Sir Jim Ratcliffe needs to rebuild the club and justify his brutal programme of job cuts and price rises since INEOS became United’s largest individual shareholder last year.


Photo by Ash Donelon/Manchester United via Getty Images

For Daniel Levy and ENIC, the final at San Mames is as much about their legacy in North London as it is about finance.

But while Spurs have no PSR issues, real-world cash is another matter.

Under their self-sufficient ownership model, the guarantee of Champions League revenue next season would be a game-changer in respect of their ability to compete in the transfer market.


Photo by Robin Jones – AFC Bournemouth/AFC Bournemouth via Getty Images


And, as the latest analysis from TBR Football shows, the ripple effect from the Europa League final will be felt well beyond San Mames, the Tottenham Hotspur Stadium and Old Trafford.

Manchester United and Tottenham set to see Premier League smash £1bn financial record

Matchday income is cool again.

For years, the narrative among fans – and indeed in some boardrooms – was that the money that clubs generated through the turnstiles was insignificant compared to TV revenue.

However, Tottenham were ahead of the curve when they built their new stadium in N17 as Premier League clubs are turning to matchday income once more to give them a competitive financial edge.

Manchester United, of course, are planning perhaps the most ambitious stadium build in football history, with a new build near the existing Old Trafford expected to accommodate 100,000 fans.

Last season, Premier League clubs generated £922m through the turnstiles.

Given that the Man United vs Tottenham Europa League final guarantees that there will be six teams in the Champions League next season and, after Crystal Palace’s FA Cup triumph over Man City, at least nine teams in Europe in total, that figure will rise again next season.

Both Tottenham and Man United would expect to break their single-season matchday income records of £137m and £118m respectively.

Everton meanwhile are expected to almost triple their matchday income at their new stadium, while Leeds United’s promotion means there is another big-ticket club in the Premier League.

Combined with dozens of extra matches for Premier League clubs in Europe, total matchday income across the division will surpass £1bn for the very first time.

Europa League triumph will transform summer transfer window for Spurs or Red Devils

Given that either Spurs or Man United will get £50m-plus in extra revenue next season, the winner of the Europa League final will go into the summer transfer window on much surer footing.

After woeful seasons, both clubs need funds to strengthen. Without the guaranteed UEFA money, that would likely mean far more player trading, as opposed to concentrating on incoming transfers.

Spurs are 100 per cent guaranteed to pass both the Premier League and UEFA’s PSR assessments for the current campaign.


PSR infographic. Credit: Adam Williams, GRV Media

Man United will be closer to the line but are also expected to be ultimately okay.

But with liquid cash at a premium in both N17 and M16, the security of Champions League income would change everything ahead of a crucial window.

- Adam Williams