Daniel Levy has stepped down from his role as chairman of Tottenham after nearly 25 years. The club confirmed Levy's surprise exit on Thursday with a lengthy statement.
The statement read: "Tottenham Hotspur has been transformed over the last quarter of a century. It has played in European competitions in the last 18 of 20 seasons, becoming one of the world’s most recognised football clubs, consistently investing in its academy, players and facilities, including a new, world-class stadium and state of the art training centre.
"The club has also competed regularly at the highest level, enjoying a number of fantastic on-field successes, including the recent Europa League cup win.
READ MORE: Daniel Levy forced out at Tottenham as Spurs owners make big plans for future
READ MORE: Tottenham make bold statement in Daniel Levy announcement amid shock decision
"As part of its succession planning, the club has made a number of senior appointments in recent months.
"Vinai Venkatesham was hired as Chief Executive Officer (CEO), with Thomas Frank as our new men’s head coach and Martin Ho as women’s head coach.
"Peter Charrington joined the board and will step into the newly created role of Non-Executive Chairman.
"This is all part of the club’s ambition to ensure that it is set up to deliver long-term sporting success."
At the end of the statement, the club stressed that"there are no changes to the ownership or shareholder structure of the club". However, speculation has been ongoing for a number of years over a possible takeover of ownership.
But after Levy's exit, supporters will be searching out the club's current ownership structure as it stands.
ENIC currently owns 86.91 percent of the ordinary capital share of the football club. Levy and his family are potential beneficiaries of discretionary trusts which own 29.88% of that share capital.
Joe Lewis, founder of ENIC, bought Alan Sugar's stake in the football club in December 2000 for around £22 million.
In December last year, ENIC injected an additional £35m of capital into the football club to increase their holding from 86.81 percent to 86.58 per cent.
You may also like
'I'm an airline worker and passengers should only ever use one type of suitcase'
'Not that high': Donald Trump vows 'fairly substantial' chip tariffs soon; tech industry braces for impact
David Tennant's wife opens up on navigating family life with neurodiverse children
Greater Bengaluru integrated township land won't be de-notified, not ready to go to jail like ex-K'taka CM Yediyurappa: Dy CM Shivakumar
Now Indore's Passengers Can Catch Train For Surat From Ratlam