The executive chairman of Tottenham Hotspur, Daniel Levy, has stepped down after nearly 25 years in the role.
A source close to the Lewis family trust which owns the majority stake in Spurs told Sky News that they want “more wins more often” in a “new era” for the club.
Levy, known for his tough negotiating style, was often a source of frustration for fans who blame him for failing to deliver the players capable of winning regular silverware.
But he has also been responsible for transforming the club with a new stadium and a state-of-the-art training ground.
Levy brought in big name managers such as Jose Mourinho and Antonio Conte in failed attempts to bring long-awaited silverware to the club.
He was also instrumental in bringing in new head coach Thomas Frank following the departure of Ange Postecoglou – who was sacked despite winning the Europa League with the club last season.
The victory over Manchester United ended Spurs’ 17-year wait for a trophy and will likely be seen as the high point of Mr Levy’s time as executive chairman.
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The win put Spurs in the lucrative Champions League for the seventh time under My Levy – however it also came during a season that Tottenham finished 17th in the league on the back of a club-record of 22 defeats.
Mr Levy had been the longest-serving chairman in the Premier League after purchasing a stake in Spurs from Lord Alan Sugar in December 2000.
Mr Levy said after stepping down: “I am incredibly proud of the work I have done together with the executive team and all our employees. 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.”
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Tottenham FC said in a statement: “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.”
It added: “There are no changes to the ownership or shareholder structure of the club.”
Mr Charrington said in a statement: “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.”
A source close to the Lewis family trust which owns the majority stake in Tottenham Hotspur told Sky News: “Generations of the Lewis family support this special football club and they want what the fans want – more wins more often. This is why you have seen recent changes, new leadership and a fresh approach. In Vinai, Thomas and Peter Charrington, they believe they are backing the right team to deliver on this. This is a new era.”
Spurs are ranked ninth on the Forbes soccer rich list with an estimated value of $3.3 billion.
