adminA detailed review of Tottenham Hotspur’s latest financial accounts has uncovered some striking details about Daniel Levy, who stepped down as chairman last summer.
Levy spent 24 years in charge of the club, transforming Tottenham into a financial force off the pitch, even though that success did not translate into major trophies on it. The former chairman holds a 29.88% stake in ENIC, the investment group that owns 86.91% of Tottenham.
While some analysts have blamed Levy’s departure for the club’s struggles this season, new revelations may not sit well with supporters.
The financial report, analyzed by Swiss Ramble, shows that Levy’s earnings actually increased last year. His remuneration rose from £3.7 million to £5.8 million, bringing his total earnings over the past 16 years to nearly £56 million.
Once again, Levy was the highest-paid chairman in the Premier League, earning significantly more than Paul Barber of Brighton, who received £2.7 million. There are also indications that the next set of accounts could include an additional “golden goodbye” payment following Levy’s departure last September.
The club’s financial statements also reveal a separate £6.6 million compensation payment for a director leaving their role. Swiss Ramble suggest this may have been paid to Donna-Maria Cullen, who stepped down from the board last June.
Meanwhile, tensions behind the scenes may still be brewing. According to a report from Bloomberg, Levy has considered legal action against the Lewis family, who control ENIC, after his exit from the club.
The former chairman reportedly believes his ownership stake in ENIC should be higher than 29.88%, given his role in building the club over more than two decades.
There are also concerns that ongoing disputes among Tottenham’s ownership group could discourage potential investors from getting involved.
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