Tottenham chairman Daniel Levy net worth falls as new figures released

Tottenham chairman Daniel Levy
Tottenham chairman Daniel Levy -Credit:Crystal Pix/MB Media/Getty Images

Tottenham Hotspur chairman Daniel Levy has seen £50m wiped off his net worth over the past 12 months, according to a new report.

The Spurs chief has sunk to 303rd on the Sunday Times Rich List with a new value of £450m, after seeing a 10 per cent reduction. Tottenham failed to qualify for European competition last season and lost Harry Kane for an initial £82m over the summer.

In March, the club announced that it was raising ticket prices by six per cent, starting in June. This prompted backlash from supporters who have protested against the stark hike in spite of a lack of clear on-pitch progression.

Levy entered the Rich List for the first time in 2020, when his value was priced at £329m after Tottenham reached the UEFA Champions League final the prior Spring after opening the new stadium in April 2019.

The ground has hosted several NFL matches since thanks to its retractable pitch, with more games set to be played in future years which has bolstered the value of the club. Levy owns 29.4 per cent of Enic, the firm which has an 85.6 per cent stake in Tottenham.

Levy has been a divisive figure among supporters in recent years. His managerial appointments have been questioned with the likes of Jose Mourinho and Antonio Conte failing to succeed after Mauricio Pochettino’s unforgettable tenure.

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Mourinho and Conte, most famously in a post-match press conference, have openly criticised the running of the club while Ange Postecoglou delivered a cryptic message after Tottenham’s 2-0 defeat to Manchester City on Tuesday amid their title race with Arsenal.

"The foundations are really fragile," he told reports after full-time. "The last 48 hours have shown me that. It's inside the club, outside the club. Outside, inside, everywhere. It's been an interesting exercise. It's just my observations, mate."

Asked whether the flat atmosphere inside the stadium affected his players, Postecoglou replied: "Of course it does. It is what it is. I can't dictate what people do.

"They're allowed to express themselves any way they want. But yeah, when we've got late winners in games it's because the crowd's helped us."

Conversely, Levy has been praised for his financial operations at Tottenham, with the club successfully navigating Premier League spending rules. His stubbornness over transfers have aided the club’s top six status, with Sir Alex Ferguson once describing negotiations with Levy as "more painful than my hip replacement".

He has held firm over naming rights of the club’s new stadium, keen not to jump the gun and ensure the club gets a good deal. Some supporters, however, believe his business nous is detracting from club ambition and success with Tottenahm set for another year without Champions League football next season.

Meanwhile, former owner Joe Lewis - no longer associated with Spurs - has seen his wealth rise to £5.4bn through his Tavistock Group business, which is a £210m increase from last year. It makes him the 38th wealthiest entity in the country.

Another former owner, Lord Alan Sugar, ranks at 159th after seeing his net worth rise to £1.082 billion from £1.074 billion last year.