Daniel Levy’s near 25-year reign as executive chairman of Tottenham is over.
Spurs’ official announcement said he had “stepped down”, but BBC Sport understands the decision was taken out of Levy’s hands.
Well-placed sources said the ownership agreed for him to leave his position amid a belief that change would lead to greater sporting success.
Levy was appointed in March 2001 and leaves after the club won the Europa League in May to end a 17-year wait for a trophy.
The 63-year-old was the Premier League’s longest-serving chairman and earned an estimated £50m-plus during his time in charge, but he was also the target of regular protests from Spurs fans, especially last season.
Levy will go with immediate effect and there will be no notice period, with the timing of his departure after the summer transfer window a deliberate move.
However, one source familiar with Levy told BBC Sport the former chairman had to operate with “one hand tied behind his back” during his tenure, and had to diversify revenue streams as a result.
They said they felt there’d been insufficient investment in Spurs for the past 25 years, and the question was whether that would really change.
“I am incredibly proud of the work I have done together with the executive team and all our employees,” said Levy, who had a reputation in football for being a shrewd operator and tough negotiator.
“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.”
BBC
