Spurs fan has £22m shot at being boss
By David Graves
12:00AM GMT 21 Dec 2000
A LIFELONG Tottenham Hotspur supporter who has twice tried to buy the Premiership club was close to taking control last night.
Daniel Levy, 38, managing director of the international sports and leisure group ENIC, was believed to have put up £22 million. The offer followed an announcement last weekend by Sir Alan Sugar, the Spurs chairman, that he was prepared to sell his 40 per cent holding and end his 10-year reign at the club.
Mr Levy was thought to be offering to buy 27 per cent of that holding from Sir Alan. A spokesman for ENIC, which has stakes in five other European clubs, including Glasgow Rangers, said that an announcement would be made "as soon as practicable".
Mr Levy is a Cambridge economics graduate whose two main interests are said to be making money and supporting Spurs. He has a season ticket for the club. His policy has been to buy stakes in clubs that regularly appear in European competition through ENIC and then tighten management style before reaping the rewards from lucrative television rights.
Over the last two years, major soccer club investments have been made in AEK Athens, FC Basel, Slavia Prague, Vicenza Calcio of Italy and Rangers. Mr Levy first tried to buy Tottenham Hotspur from Sir Alan in 1998 when ENIC valued the club at £80 million but the takeover collapsed.
Related Articles
Five months ago, a second attempt foundered when Mr Levy would not match Sir Alan's optimistic valuation of around £1.20 a share. They were being traded yesterday at 61p.
Although Mr Levy will take up a seat on the Tottenham board, he is expected to search for a new chairman for the club with a good knowledge of both football and business.
His family started Mr Byrite, the clothing chain. After leaving Cambridge, Mr Levy went into retailing. Later he teamed up with Joe Lewis, a currency dealer who lives in tax exile in the Bahamas, to establish ENIC.