Skip to main content

Levy's £27m pay off

Daniel Levy was paid £27 million ($36.08m) when sacked by Tottenham Hotspur last year.  The former executive chairman’s tenure was suddenly ended in September 2025 when he was dismissed, after 24 years running Spurs.

When Levy was dismissed he received a payout taking into account his salary, bonus for the year and the club’s long-term incentive plan, according to sources with knowledge of the terms, speaking on the condition of anonymity. That sum of £27m, one of the largest pay-outs ever made to a football executive, represented his contractual fulfilment in event of termination, rather than an agreed settlement package. No further settlement has been reached.

The figure is comparative to the payouts received by former Chelsea executives following the end of the sanctioned Roman Abramovich’s tenure in 2022. Chelsea accounts, from April 2023, showed a total of £49.75 million ($66.47m at current rates) was given to former directors in connection to the sale of the club to BlueCo. None of those directors were detailed by name but Marina Granovskaia, the trusted former aide of Abramovich, took £35 million ($46.76m) under “remuneration for qualifying services”, as well as £1 million in compensation.

Since Levy’s dismissal the Lewis family have invested heavily in the club and authorised an ambitious summer transfer window, when Spurs broke their previous transfer record and tore up their old wage structure, bringing 10 new players to the club.

Levy continues to own a significant stake in the club via family trusts. The club website states that Levy’s family “are potential beneficiaries of discretionary trusts which ultimately own 27.38 per cent of the share capital of ENIC”, and that ENIC owns 88.30 per cent of Tottenham Hotspur Limited.

That means that Levy owns just over 24 per cent of Tottenham Hotspur, down from roughly 26 per cent before his stake was diluted earlier this summer. Levy was offered the opportunity to participate in this summer’s £100m equity injection but did not do so by the deadline in August.

Labels:

Comments

Post a Comment

Popular posts from this blog

It's no deal say Spurs insiders over Taiwanese takeover

Senior figures at Tottenham Hotspur insisted on Friday that they had not been informed of any deal to sell Daniel Levy’s stake in the club. A business group, Eight Sports Capital — which is said to include a billionaire Taiwanese financier — claimed that it had an agreement in place to buy a 24.99 per cent stake in ENIC, the club’s majority owners, from Levy, who owns 29.88 per cent. The Times has been told Ng Wing Fai and Brooklyn Earick form part of the group, having both been linked previously to potential takeovers of the Premier League club. The Taiwanese businessman, Richard Tsai, is also said to be part of the consortium. He is reportedly worth £7 billion.  Last year Earick, the former DJ and tech entrepreneur, was part of an attempted £4.5 billion takeover, which was “unequivocally rejected” by Spurs.  An ENIC spokesperson said: “We can confirm that neither ENIC nor THFC are aware of any sale by Daniel Levy’s Family Trust of its minority stake in ENIC, THFC’...
Post a Comment
Read more

Reports about Charlton sale exaggerated

Reports have appeared in The Guardian and elsewhere that Charlton has been put up for sale. Richard Cawley is an authoritative local journalist who runs a South London Sport substack site.  He reached out to the club yesterday evening to ask for comment on The Guardian’s article. Early indications from the club have been that nothing has changed since the story about them seeking investment, except that it is now a different company doing it. Charlton have since managed to consolidate their place in the Championship, avoiding an instant return to League One, with their women’s side promoted to the WSL, returning to the top flight for the first time since 2007, although staying there is likely to be costly. It would be counter-intuitive for owners Global Football Partners not to progress the club when looking for investment, that the focus remains on driving it forward, that their spend this summer is in line with long-term planning and will see an increase in wages spent on players...
Post a Comment
Read more

Hull City's 'strange' loan

When football finance guru Kieran Maguire seems flashing lights in a club's loan deal, I become concerned.  He is the leading football finance expert in the UK. Hull City have borrowed £55m against their stadium and training ground yet they should get £30m from the Premier League before long.  What is going on? https://www.bbc.co.uk/sport/football/articles/cpwel48y51do
Post a Comment
Read more