{"id":264438,"date":"2025-11-01T06:57:18","date_gmt":"2025-11-01T06:57:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/264438\/"},"modified":"2025-11-01T06:57:18","modified_gmt":"2025-11-01T06:57:18","slug":"another-daniel-levy-ally-leaves-tottenham-as-crucial-psr-decision-imminent","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/264438\/","title":{"rendered":"Another Daniel Levy ally leaves Tottenham as crucial PSR decision imminent"},"content":{"rendered":"\n

Daniel Levy cast a long shadow at Tottenham and if ENIC want a full cultural reset, it will take some time before the former chairman\u2019s influence fades away for good.<\/p>\n

For one, Levy<\/a> is still a shareholder. He owns just shy of 30 per cent of ENIC<\/a>, who in turn own somewhere in the region of 85 per cent of Tottenham<\/a>. The remaining equity is held by private investors who bought shares on the London Stock Exchange when the club was still a listed company.<\/p>\n

Incidentally, some of those shareholders may have had their stakes in the club as far back as 1983. If ever there came a time when they were able to cash in as part of a full takeover, the markup would be off the charts. Most analysts peg Spurs\u2019 enterprise value at around \u00a33-4bn<\/a>.<\/p>\n

\"\"\/ Click to subscribe to the podcast \"\"\/ <\/a><\/p>\n

What\u2019s more, Levy\u2019s son \u2013 Josh Levy \u2013 remains the co-CEO of Tavistock<\/a>, the Bahamas-based entity which houses Joe Lewis\u2019s various investments, ultimately including the North London club itself through ENIC.<\/p>\n

\"TottenhamTottenham ownership diagram encompassing ENIC and Daniel Levy<\/p>\n

Credit: Adam Williams\/TBR Football\/GRV Media<\/p>\n

The head of the Levy family spent nearly a quarter of a century at Spurs and, while the new-look regime\u2019s public and private PR push has evangelised about a \u2018clean break\u2019, the years he clocked up in N17 continue to define the club as an institution.<\/p>\n

However, there have already been wholesale personnel changes and, although the \u00a3100m ENIC injected into the club<\/a> earlier this month has been ringfenced for running costs rather than a glitzy January transfer window, that too was clearly also an attempt to put some meat on the bones of their new strategy.<\/p>\n

Interestingly, the \u00a390m the owners added to the club\u2019s debt via a short-term, high-interest loan secured against future Premier League<\/a> TV revenue from Australian investment Macquarie in September did not get nearly the same fanfare.<\/p>\n

News of the \u00a390m emerged barely a week after Levy had left the club. A few months earlier, Levy\u2019s trusted consigliere Donna-Maria Cullen, who had been with the club for 19-and-a-half years, also stepped down.<\/p>\n

The move to appoint former Arsenal powerbroker Vinai Venkatesham in April was seen by some as a prelude to the post-levy era, though seemingly not by Venkatesham himself. Sources have told TBR Football that the executive was as surprised as anyone to learn that Levy had been ousted.<\/p>\n

\"VinaiPhoto by Nicol\u00f2 Campo\/LightRocket via Getty Images<\/p>\n

Bahamas-based Peter Charrington is now, ostensibly, where the buck stops at Spurs. The non-executive chairman has now been joined by Eric Hinson, an American national with decades of experience in the aviation and aerospace sectors.<\/p>\n

Even more recently, it has been confirmed that Spurs\u2019 head of football administration Rebecca Caplehorn has now also left the club, 10 years after joining the club from Queens Park Rangers.<\/p>\n

While not a high-profile figure outside the industry, she left deep footprints at Premier League shareholder and European Club Association (now rebranded as European Football Clubs) meetings, where the very biggest decisions in football finance<\/a> are made.<\/p>\n

The new-look Spurs boardPositionNameInfoNon-Executive ChairmanPeter Charrington26 years at Citigroup (Global CEO of Private Banking 2014\u20132020), Senior Partner at Nexus Luxury Collection, Senior Advisor to One Equity Partners, board member at Amey, Acteon, Avaloq AG, Saranac Partners.Chief Executive OfficerVinai Venkatesham OBEFormer Arsenal FC CEO, experience with London 2012 Olympics, Deloitte (Management Accountant), served on Wembley Stadium Advisory Board, BOA, ECA, UC3 JV, various Premier League\/FA\/UEFA committees.Operations and Finance DirectorMatthew CollecottGroup Ops & Finance Director of ENIC since 1998, Fellow of ICAEW, ex-Price Waterhouse, involved with Slavia Prague, AEK Athens, Vicenza Calcio, trustee of Tottenham Hotspur Foundation.Lead Independent DirectorJonathan TurnerOxford PPE graduate, co-founder and ex-President of Qatalyst Partners, 24+ years investment banking (Credit Suisse, DLJ, Citibank), UK Gov advisor on Technology & Finance.Non-Executive DirectorEric HinsonFormer senior exec in global aviation and aerospace sectors; held executive and board roles at SIMCOM International, Honeywell, Piaggio and Gulfstream. Served as a US Navy officer and pilot.<\/p>\n

That meant she was effectively Spurs\u2019 voice when it came to the defining issue of the current era: PSR.<\/p>\n

Profit and Sustainability Rules and UEFA\u2019s equivalent system at European level shape the game\u2019s economy and, more than data analytics or club history, dictate who has the best chances of winning on the pitch.<\/p>\n

Having spent almost all of the last 25 years surviving \u2013 or, as some Spurs fans might say, subsisting \u2013 on their own revenues, Tottenham have never had any anxieties about PSR. That is not to say that they are laissez-faire, though.<\/p>\n

On 21 November, Premier League shareholders\u2019 representatives will meet for the second quarterly meeting of the year. The main point of order will be PSR, with clubs set to vote on the possible introduction of new anchoring and squad cost control rules.<\/p>\n

\"ChartTottenham profit and loss data<\/p>\n

Credit: Adam Williams\/TBR Football\/GRV Media<\/p>\n

These rules, which if implemented will likely run in tandem with the existing PSR system, will\u2026<\/p>\n

Anchoring: Limit clubs to spending five times what the bottom-placed club earns in central Premier League distributions on first-team wages, transfer amortisation and agents\u2019 feesSquad cost control: Cap spending on first-team wages, transfer amortisation and agents\u2019 fees at 85 per cent of total turnover plus profit on player sales<\/p>\n

Following Caplehorn\u2019s departure, it is not clear who will represent Spurs at the summit.<\/p>\n

However, University of Liverpool football finance lecturer and Price of Football author Kieran Maguire is confident that old habits will die hard and Tottenham\u2019s position on PSR will not have changed.<\/p>\n

\u201cSpurs have historically been quite traditional in their approach to PSR,\u201d he said in exclusive conversation with TBR Football.<\/p>\n

\u201cThey are one of the clubs who will be least impacted by stricter financial controls and that will influence how they vote on PSR.<\/p>\n

\"APhoto by Catherine Ivill \u2013 AMA\/Getty Images<\/p>\n

\u201cSpurs are very much aware of the new nouvaue riche. Chelsea and Man City are what Spurs would consider new-money clubs, but in Newcastle, Aston Villa, maybe Nottingham Forest and Everton, there are clubs that want to address the glass ceiling and the gap between themselves and the so-called \u2018Big Six\u2019. <\/p>\n

\u201cYou have to invest to smash that glass ceiling, so PSR is a barrier. Stricter controls would allow Spurs to maintain their privileged position.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Daniel Levy cast a long shadow at Tottenham and if ENIC want a full cultural reset, it will…\n","protected":false},"author":2,"featured_media":264439,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[5861,3339,108069,27308,142189,403,99,4899],"class_list":["post-264438","post","type-post","status-publish","format-standard","has-post-thumbnail","category-soccer","tag-daniel-levy","tag-english-premier-league","tag-enic","tag-football-finance","tag-rebecca-caplehorn","tag-soccer","tag-sports","tag-tottenham-hotspur"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/264438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=264438"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/264438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/264439"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=264438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=264438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=264438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}