AdminTottenham supporters are likely to be furious with Daniel Levy and ENIC following a recent report on Premier League ownership funding that paints a damning picture of their investment in the club.
Chairman Levy has long been a controversial figure among Spurs fans, with issue ranging from ticket price rises at the Tottenham Hotspur Stadium to criticisms of his leadership style, even from former club captain Hugo Lloris.
While Levy has undeniably overseen financial growth and stability, many fans argue that this focus on the balance sheet comes at the expense of on-pitch success.
ENIC, the club’s ownership group led by billionaire Joe Lewis and Levy himself, has become increasingly unpopular.
A recent report by The Athletic highlights why. Despite owning the club since 2001, ENIC ranks 16th out of 20 Premier League clubs in terms of ownership funding. Only Southampton, Nottingham Forest, Brentford, and Ipswich Town have invested less.
ENIC’s total investment into Spurs stands at £194 million, which includes the £94 million purchase price and £100 million in additional funding.
This fades in comparison to more recent owners. Southampton’s Sport Republic, who took over in 2022, has already invested £185 million—just £9 million shy of ENIC’s total, despite their tenure being two decades shorter.
Similarly, Nottingham Forest (2017), Brentford (2012), and Ipswich Town (2021) have shown greater financial commitment relative to their timelines.
With Tottenham fans enduring years of frustration over ENIC’s viewed lack of ambition, these figures further fuel the growing dissatisfaction.
For many supporters, the lack of meaningful investment during ENIC’s 22-year reign reflect why the ownership group is no longer fit to lead a club seeking for elite success.
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