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There are many
Tottenham Hotspur managers whose fate has been sealed with a call from London back to the club’s controlling powers in the Caribbean, although in the end
Thomas Frank’s sacking was different.
The club’s new power from the empire formerly run by Joe Lewis, the billionaire majority owner who had to cede control to his own family trust, is the US executive Nicholas F Beucher III, known as Nick. The husband of Joe Lewis’ granddaughter Joanna Silverton, daughter of Vivienne Lewis, Beucher is the key point of contact for Spurs’ executive management in London with the Lewis family in the United States and the Caribbean.
Spurs is not Beucher’s only day job. He is also co-chief executive of the vast global Tavistock Group, the Lewis family office headquartered in the Bahamas, where patriarch Joe Lewis has long based himself. While Spurs are listed as a Tavistock investment on the group’s website, their owner is the Lewis family trust that controls 61 per cent of Enic, the holding company that controls 86.7 per cent of Spurs.
Since the
sacking of chairman Daniel Levy in September, Beucher is the representative of the family with whom the club liaise. It will have been Beucher, 40, who is based in Orlando, Florida, to whom Spurs chief executive Vinai Venkatesham spoke before Tuesday’s decision.
It is not as if the Tavistock Group will not already keep Beucher busy. It encompasses a huge range of global investments, in property, agriculture, biotechnology, energy and hotels among others. Beucher has been at Tavistock for 15 years in a number of different roles. He is also chief executive of the Tavistock Development Company.
At Spurs, he has attended a few games since September, and will have been hoping for a much smoother ride since the family took the operation in-house post-Levy. He has four children with wife Joanna, and comes from a family with real-estate interests in Florida – although not on the scale of the Lewis fortune.
Beucher said in an interview with the
Orlando Business Journal in 2020 that he grew up doing jobs for his father Bud for the family business at their golf resort in central Florida. He also played football as a child and then American football at college, where he was a specialist kicker. Born into the Florida resort business, he is said to be a very capable executive, although naturally English football is not his specialism.
The view from the Lewis family is that they follow the Tavistock example – appoint good local management teams, whether they are in luxury hotels in the Bahamas or Australian beef farms – and then let them get on with it. The family intend to do the same with Spurs. Venkatesham was brought in while Levy was still the executive chairman in control of the club and then thrust into power when Levy was marched out.
The Lewis family do not have a representative on the Spurs board, although non-executive chairman Peter Charrington, the former Citigroup CEO, is a long-term trusted adviser of Tavistock and the Lewis family. Beucher himself does not sit on the board.
For Venkatesham, the challenge is immediate: find a coach – interim or otherwise – who can steer Spurs away from a relegation battle. In the long term, the new management believe they have much deeper-rooted problems rebuilding the first-team squad and the success of the academy in bringing through first-team players and saleable assets. But events over the last few weeks have narrowed the view to this season alone.
It is the first major question facing the new regime that cannot just be batted away in the short term. There are still many unanswered questions over the exit of Levy, that have not come close to being addressed since his departure – chief among them why exactly he left.
Why also was it so soon after he had appointed a new manager – Frank – and after a transfer window had closed when the Lewis family had a chance to turn a fresh page in that summer? What will be the future of
Levy’s 29.9 per cent stake in Enic?
All questions that can still be delayed in the answering – but not the immediate question of Spurs’ future. For those in power in London and Florida, this is when the challenge of running a Premier League club becomes real. They need a coach who can secure them the 11 points or more that will ensure their Premier League status for next season.
Relegation would be an unthinkable prospect for any member of the “big six”. Spurs’ debt as of the end of July 2024 was £772.5m. They were last relegated in 1977, when English football was very different and the difference in revenue in Division Two was nothing like as severe as it is now. Even so, it was still a major shock at the time that it happened to the first club to do the league and FA Cup double in the 20th century.
One can only assume that while Beucher may not be aware of the history, he does have faith in Venkatesham and his sporting director Johan Lange. Beucher is not a public figure, although his co-chief executive at Tavistock Group, Daniel Levy’s son Josh, can tell him all about the scrutiny that Spurs brings.
Beucher’s Tavistock corporate profile lists the various property developments he has overseen – from residential to commercial and industrial. There are renewable energy investments in Argentina; sports and lifestyle brands in Mexico and luxury hospitality in the US. He serves on the board of the charitable foundation of the NBA franchise Orlando Magic. He has a masters in sports business management from the University of Central Florida.
He is also likely to be the man who will have to weigh up the rationale that Venkatesham and Lange apply to the appointment of Frank’s successor. At the moment, the view is it will be an interim coach and, if so, this summer will the process for a long-term successor will start anew. That will be at the same time that Manchester United are considering their options and also
perhaps Emirates Marketing Project, too.
So far the Lewis family takeover, orchestrated by the heirs to Joe, has been a relatively low-key affair. Appoint Venkatesham, attend a few games, hope for the best. But now the big decisions have begun.