Former Tottenham Hotspur executive chairman Daniel Levy has agreed to sell the majority of his stake in the club.
Levy left Tottenham in 2025 after 24 years in charge, and has now signed a sale-and-purchase agreement with Eight Sports Capital, a company run by American tech billionaire Brooklyn Earick.
They will take a 24.99 percent stake after the former Spurs chief sold part of his 29.88%. ENIC are Tottenham’s majority owner, with the Lewis family owning 70.12%. Levy is now left with 4.89%.
Earick led a 12-member group that made an offer to acquire the club last year. He tabled £3.3 billion to buy out the current Spurs owners – ENIC and the Lewis family at the time.
He also claimed to be ready to set aside a further £1.2bn for transfers and line up a £250m stadium naming rights deal for the club.
While the proposed £4.5bn takeover bid did not go through at the time, it could be on the cards again after Earick convinced Levy to sell his shares.
Earick teamed up with Hong Kong businessman Ng Wing-Fai earlier this year to attempt to buy out Levy after the duo failed with individual bids.
Levy reportedly wanted around £1bn for his stake in Spurs. The American has succeeded, although it is unknown how much he has parted with or if Wing-Fai was involved.
Earick ended up withdrawing his bid to buy Tottenham at the time despite several meetings with Douglas Armstrong, the Lewis family’s legal counsel.
He was prevented from making a bid or attempting a takeover for six months – a period that ended on March 6 – under takeover rules requiring him to withdraw his bid.
However, he was not prevented from purchasing Levy’s stake, and he has now done so.
It is marginally below the 30% threshold, which would demand a full bid, and it will be intriguing to see what his future plans are for Tottenham.
