- Daniel Levy is set to see his minority stake in Tottenham Hotspur diluted after failing to meet a deadline to participate in a £100m share issue funded by the Lewis family.
- The £100m cash injection raised the Lewis family's holding in Spurs to approximately 88 per cent, with Levy given a 60-day window to contribute his proportionate share and maintain his 29 per cent Enic stake.
- A source close to the Lewis family confirmed that Levy originally committed to funding but failed to meet Monday's cutoff, with the majority owners remaining focused on creating a stable environment for the club.
- The situation follows unverified reports from earlier in the summer claiming Levy had sold his Enic share to American entrepreneur Brooklyn Earick, a transaction that Enic stated it was unaware of.
- Alongside boardroom matters, Tottenham have spent £237m revamping Roberto De Zerbi's squad this transfer window, while the Lewis family has also joined a consortium bidding for a London-based NBA Europe franchise.
IN FULL
