Daniel Levy sells Tottenham stake to tech billionaire Brooklyn Earick
Former chairman Daniel Levy has agreed to sell a 24.99 per cent stake in Tottenham Hotspur to American tech billionaire Brooklyn Earick in a deal expected to be worth hundreds of millions of pounds.
The 63-year-old stepped down from his leadership role last September after running the North London club for a quarter of a century.
He has now signed a formal sale and purchase agreement with Eight Sports Capital to transfer a significant portion of his holding.
Boyhood fan brings vast wealth
Earick is an engineer-turned-entrepreneur who previously worked for Nasa and grew up supporting the Lilywhites.
The American has raised more than £25bn in funds throughout his career, drawing substantial investment from sovereign wealth funds.
He currently operates as the chief executive of Redacted RnD, a prominent venture capital company based in Singapore.
Commitment to continued growth
Eight Sports Capital itself is a sports investment firm owned by Triller, a network previously involved in high-profile pay-per-view boxing events.
A spokesperson for Eight Sports Capital Limited stated: “We are delighted to have signed this agreement to acquire a significant stake in ENIC.”
“We look forward to working with the club’s shareholders, management, staff, players and fans to support Tottenham Hotspur’s continued growth and success.”
Ownership structure and recent struggles
Despite this major boardroom transaction, ENIC will remain the majority owners of the Premier League side.
The Lewis family continues to hold a 70.12 per cent share, currently represented by Vivienne Lewis and her son-in-law Nick Beucher.
Peter Charrington took over as chairman following Levy’s high-profile departure last year.
This off-field restructure follows a deeply turbulent period on the pitch for Spurs.
Promises of fresh investment
They finished 17th for the second consecutive season, only narrowly avoiding relegation on the final day of the recent league campaign.
Following their survival, the hierarchy released a statement insisting the club was not for outright sale and promised crucial funding for the playing squad.
While the exact financial figures of this new agreement remain undisclosed, the outgoing executive will retain approximately four per cent of ENIC.