Daniel Levy has stepped down from his role as Tottenham Hotspur chairman, effective immediately.
It brings an end to his near-25-year association with the day-to-day running of the north London outfit.
Daniel Levy’s shock statement in full
“I am incredibly proud of the work I have done together with the executive team and all our employees,” Levy said in a club statement.
“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.”
Peter Charrington, who has been appointed as the newly-created non-executive chairman, said: “I am very honoured to become non-executive chairman of this extraordinary club and, on behalf of the board, I would like to thank Daniel and his family for their commitment and loyalty to the club over so many years.
“This is a new era of leadership for the club, on and off the pitch. I do recognise there has been a lot of change in recent months as we put in place new foundations for the future.
“We are now fully focused on stability and empowering our talented people across the club, led by Vinai and his executive team.”
Charrington’s new role comes after he was brought on as a non-executive director in March 2025.
In the statement, Tottenham confirmed there would be no changes to its ownership or shareholder structure.
The club also pointed out the recent spate of appointments, including Vinai Venkatesham and Thomas Frank as their new CEO and men’s head coach respectively, is part of its long-term succession planning.
Although Levy has stepped away from his former hands-on role, he retains an association with Tottenham via his stake in ENIC, who are the majority shareholders of the club.
Thanks to an injection of capital last December, ENIC now hold a 86.91 per cent share in Tottenham.
Of that percentage, Levy and his family still boast a 29.88 per cent stake in ENIC while Joe Lewis retains 70.12 per cent.
talkSPORT also understands Levy’s shock departure has been led by the Lewis family.
Levy’s time at Tottenham left fans divided
The announcement heralds the end of an era which began in February 2001 when Levy replaced Lord Alan Sugar as Tottenham chairman.
In that time, Levy oversaw a period of remarkable transformation on and off the pitch.
Financially, Levy helped Tottenham boast the ninth-highest revenue in world football last year, according to Deloitte.
In 2024, the north London club generated a whopping £533million in matchday, broadcasting and commercial revenue.
A key driver in the off-field success was Tottenham’s move to their new stadium from White Hart Lane, where they began playing from April 2019 onwards.
Despite Tottenham’s vast off-field success, Levy’s time as chairman is associated with frustrations from fans regarding their on-field performance.
Even though the club raked in hundreds of millions of pounds in revenue, it wasn’t always reflected in the transfer market.
According to Transfermarkt, Tottenham were the fifth-biggest spenders since the 2019/20 season, which was when they were fully up and running in their new stadium.
The site claims Spurs spent £1.04b on 115 players, with the figure placing them behind Arsenal, Manchester City, Manchester United and Chelsea.
In the summer window just gone, Tottenham spent approximately £182m, a figure lower than United who failed to qualify for Europe and Nottingham Forest.
Levy also showed he was not afraid to pull the trigger when it came to managers.
Under his watch, 13 permanent managers came and went from Tottenham.
One of those was Ange Postecoglou, who ended the club’s agonising 17-year wait for a trophy when he steered Tottenham to victory over Manchester United in last season’s Europa League final.
It was just the second trophy won during the Levy era, with the only other piece of silverware being the 2008 League Cup.
Despite the triumph, Levy made the ruthless call to sack the Australian and install Frank, who has overseen two wins and one defeat in his three league games in charge.
Jamie O’Hara’s reaction to shock Levy announcement
Given Levy’s lengthy yet polarising association with Tottenham, it inspired a wide range of reactions from supporters.
For ex-Spurs midfielder and talkSPORT host Jamie O’Hara, he ultimately felt Levy had run his course at the club but thanked the outgoing chairman for getting the club into a remarkably healthy financial shape.
“I think this is good news, right?” O’Hara said on talkSPORT Drive.
“This is, it’s time to move on from Daniel Levy. There’s been so much toxic nature around him. It’s a tough one because he’s done so many good things for the football club in terms of commercially where he’s put the football club.
“You know, the stadium’s unbelievable. You know, he’s made it a rich football club. The training facilities are world-class.
“But I believe over his 25 years that we haven’t done enough as a football club to win trophies, to be amongst the elite teams. And there’s been too many signings that haven’t fulfilled the potential of the football club.
“So yeah, look, it’s hard to say I’m happy, but I’m happy because I think a lot of Spurs fans will say they are happy. The club’s in a good position.
“You can’t get away from the fact he’s done a good job in terms of putting the club where it’s in, but we need to win more trophies.”