Tottenham: Levy Needs New ENIC Partner Amid Hostile Reveal

Key Points

• Daniel Levy, former Tottenham Hotspur executive chairman, holds a 29.88 per cent share in ENIC, the group’s majority owner of Spurs with 86.91 per cent of the club.​
• Levy stepped down from his executive chairman role in September 2025 after nearly 25 years, but retains indirect investment through ENIC.
• Tottenham are seeking a buyer for Levy’s stake amid ongoing talks, as revealed by ex-Everton, Aston Villa, and Aberdeen chief executive Keith Wyness exclusively to Football Insider.​
• Wyness described the situation as involving a need for Levy to find a “new partner,” linking it to a recent “hostile” accounting review of his tenure announced by Spurs.​
• Levy is in advanced discussions to sell his stake for around £1 billion to a consortium led by Hong Kong businessman Ng Wing Fai, backed by Asian tycoons, according to Bloomberg and other reports.
• The Lewis family, holding over 70 per cent of ENIC, stated they are not involved in Levy’s talks and previously insisted the club is not for sale.
• Potential team-up between Ng Wing Fai and US tech entrepreneur Brooklyn Earick, both previous failed bidders for Tottenham, to acquire Levy’s shares, as reported by The Sun.​
• Spurs conducted an accounting review of Levy’s period to “understand” past management for future progress, which Wyness called “nothing malicious” but “strange.”​
• Forbes valued Tottenham at $3.3 billion in 2025, aligning Levy’s stake value closely with the £1 billion figure.​
• Levy’s departure was reportedly pushed by owners for greater sporting success, despite leaving the club financially strong after Europa League win.

Tottenham Hotspur (North London News) February 6, 2026 – Tottenham Hotspur are actively seeking a suitable buyer for Daniel Levy’s significant stake in the club amid revelations of a tense accounting review of his long tenure, according to former Premier League executive Keith Wyness speaking exclusively to Football Insider. Levy, who stepped down as executive chairman in September 2025 after nearly 25 years, retains a 29.88 per cent share in ENIC, the British investment group that owns 86.91 per cent of Spurs, maintaining his indirect influence. This development signals potential shifts in the club’s ownership structure as Levy hunts for a “new partner.”

What Triggered Calls for Daniel Levy to Find a New Partner?

Keith Wyness, ex-chief executive of Everton, Aston Villa, and Aberdeen, provided key insights exclusively to Football Insider on the evolving situation at Tottenham. As reported by the Football Insider team, Wyness stated that Tottenham are still working to find the right buyer to take Levy’s share in the Premier League club. He linked this to a recent “hostile” reveal involving an accounting review into Levy’s nearly 25-year stewardship, suggesting the club needs Levy to secure a new investor.

In the same exclusive, Wyness elaborated on the review’s intent during Football Insider’s Inside Track podcast. He told Football Insider’s Inside Track podcast:

“It was very strange news, I’ve got to say, when I heard that. I don’t think there is any wrongdoing at all. I think it’s actually just trying to learn how the club was managed over that period of time, understand it more, try and identify where there could have been better situations handled in terms of investment in different areas.”

Wyness added:

“I think that’s really all they’re trying to learn. It’s certainly nothing malicious as far as I can see, or nor would I think so. So it’s more a learning process and if they always say with history, you’ve really got to understand history to understand what’s going to be in the future.”​

Why Did Daniel Levy Step Down as Tottenham Chairman?

Daniel Levy’s exit from his executive chairman position was announced by Tottenham in September 2025, marking the end of a 25-year era. As covered by BBC Sport, the club’s official statement said Levy had “stepped down,” but sources indicated the ownership believed his departure was essential for greater sporting success. Levy took the role in March 2001 and left after Spurs ended a 17-year trophy drought with a Europa League victory in May 2025.​

Al Jazeera Sports reported on the divisive tenure, noting Levy, aged 63, described Tottenham as having evolved into a “global heavyweight competing at the highest level.” Despite financial strength, critics pointed to repeated failures to challenge for Premier League titles. Football Insider noted Levy left the club in a strong financial position despite the step-down.

Who Holds What in Tottenham’s Ownership Structure?

ENIC remains Tottenham’s majority owner with 86.91 per cent of the club, where Levy’s 29.88 per cent stake plays a pivotal role. The Lewis family Trust controls just over 70 per cent of ENIC itself. Spurs-Web detailed that Levy’s shares come without voting rights or board influence post-departure. Insiders have questioned the £1 billion valuation given this limited power.

Recent minority shifts include Andrew Ashcroft acquiring a 3.4 per cent stake worth around £100 million from his father in September 2025. ENIC injected £100 million into Spurs last year to bolster finances and sporting aims.​

Which Buyers Are in Talks for Levy’s Tottenham Stake?

Bloomberg, as cited by SportsPro Media, revealed Levy is discussing selling his nearly 30 per cent ENIC shares to a consortium including Hong Kong businessman Ng Wing Fai for £1 billion (US$1.37 billion). Most capital comes from Asian tycoons, with the Lewis family confirming no involvement. Ng was part of Firehawk Holdings, which eyed a full club buyout last year but withdrew after ENIC said Tottenham was not for sale.​

The Sun, via Spurs-Web, reported Ng and US entrepreneur Brooklyn Earick—another rejected bidder—may team up for Levy’s 29.9 per cent stake. Yardbarker and To The Lane And Back echoed the £1 billion figure from Invest.com, noting advanced talks post-Levy’s chairman removal. A YouTube analysis highlighted the duo’s individual bids evolving into collaboration, valuing the stake at £1 billion. Levy reportedly seeks this sum, aligning with Forbes’ $3.3 billion club valuation.​

Talks remain fluid and could collapse, per anonymous sources in Reddit discussions summarising Bloomberg. Levy did not respond to messages, and Ng declined comment.​

Is Tottenham Open to a Full Takeover After Levy’s Exit?

ENIC rejected full bids from Firehawk (Ng-involved) and Brooklyn Earick’s group last October. Spurs-Web suggested the Lewis family may now consider big moves post-Levy talks. In 2024, Levy acknowledged “prospective investors” for minority shares but denied Qatar Sports Investments involvement.

Wyness previously mooted a post-takeover role for Levy on finances only, sans football input, as the “best of both worlds.” Current focus stays on Levy’s stake, not majority control.

What Does This Mean for Tottenham’s Future?

The quest for Levy’s buyer underscores ownership evolution at Tottenham, currently 14th in the Premier League with a £26.2 million post-tax loss in 2023/24. Wyness views the review as historical learning for the Lewis family. He concluded on the podcast:

“And I think that’s all about a learning curve to understand what really happened in the last 10 years or so under Daniel Levy. So nothing more than that. And I don’t expect anything else. There’s nothing malicious, I’m afraid. Nothing for us to gossip about. I think it’s just a case of the Lewis family learning the business and understanding things from the historical context.”

A successful sale could inject fresh capital without diluting Lewis control, aiding sporting ambitions amid fan frustrations over recent form. Tottenham’s stadium and global status make it attractive, though liabilities temper valuations. As negotiations progress, all eyes remain on N17 for resolution.