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Former Tottenham Hotspur chairman Daniel Levy has sold his remaining stake to an investment firm led by tech entrepreneur Brooklyn Earick, who previously tried to buy the club. The deal marks the end of Levy’s more than two-decade association with Spurs, a relationship that was at times contentious.
Under the agreement, Levy is selling his 24.99% stake in ENIC Sports & Development to Eight Sports Capital, a sports-focused investment firm owned by U.S.-based Triller, a short-form video app that has grown its audience through fighting sports. ENIC is the entity that majority owns Spurs.
Financial terms weren’t disclosed. Asked about the transaction, a representative for Spurs told Front Office Sports the deal involves Levy’s stake so it has “nothing to do with us.”
“We can confirm that neither ENIC nor THFC are aware of any sale by Daniel Levy’s Family Trust of its minority stake in ENIC, THFC’s parent company. The THFC Board and Executive Team remain fully focused on delivering the commitments we set out to fans at the end of the season,” they added.
A spokesperson for Eight Sports Capital said in the press release announcing the deal that “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.”
Earick, CEO of Eight Sports Capital, is a former NASA engineer who is a “lifelong Tottenham fan,” a source familiar with the matter tells FOS. A group led by Earick was one of at least three prospective suitors that expressed interest in a Spurs takeover in the last year or so—the Earick expression of interest was reportedly valued at $5.9 billion (£4.5 billion). Forbes ranks Spurs as the 10th most valuable soccer franchise in the world with a $3 billion valuation.
Earick did not immediately respond to a request for comment, Levy could not immediately be reached, and Eight Sports Capital declined to comment further than the press release.
Spurs finished in 17th place in this year’s Premier League, narrowly avoiding relegation thanks to a 1-0 victory over Everton on the final day of the season.
Although ENIC has maintained the club is not for sale, sources told FOS in November it’s only a matter of time before someone buys it. One Premier League club owner reiterated that position on Friday, telling FOS “everybody knows that for the right offer, most clubs would be open to a conversation.”
“My understanding is that Tottenham would be open to conversations if someone came at the right price,” they said. “But it might have to be a crazy price.”
ENIC is controlled by the Lewis family trust. Joe Lewis, the 89-year-old London-born billionaire, stopped having “significant control” of the club in 2022, when it was transferred to the family trust. The following year, Lewis was charged with insider trading in the U.S., and in April 2024 he was sentenced to three years of probation for providing nonpublic stock tips about his private-equity firm’s portfolio companies to his girlfriend and private-jet pilots. President Donald Trump pardoned Lewis in November.
Levy, who was one of the most influential people at Spurs for nearly 25 years, has had a strained relationship with the Lewis family at times, including Joe Lewis’s adult children Vivienne and Charles. A source told FOS in November that it was common knowledge Levy and the Lewis family didn’t see eye to eye. In March, Bloomberg reported that Levy had considered legal action against Joe Lewis because he believed he was entitled to a more significant ownership stake due to his contributions to the club.
