Daniel Levy has sensationally stepped down from his role as Tottenham executive chairman.
Levy leaves his position in north London after almost 25 years at the helm with Spurs confirming his shock departure on Thursday evening.
Th 63-year-old was appointed Spurs chairman in 2001, stepping down three months on from the club’s Europa League triumph – their first silverware in 17 years.
‘I am incredibly proud of the work I have done together with the executive team and all our employees,’ Levy said.
‘We have built this club into a global heavyweight competing at the highest level. More than that, we have built a community. I was lucky enough to work with some of the greatest people in this sport, from the team at Lilywhite House and Hotspur Way to all the players and managers over the years.
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‘I wish to thank all the fans that have supported me over the years. It hasn’t always been an easy journey but significant progress has been made. I will continue to support this club passionately.’
Levy’s departure comes as Spurs continue their ‘succession planning’ which has seen a number of key appointments made this year.
On the pitch, Thomas Frank replaced Ange Postecoglou as head coach over the summer after Vinai Venkatesham was named new chief executive in April. Peter Charrington steps into a new non-executive chairman role.
Charrington said: ‘I am very honoured to become Non-Executive Chairman of this extraordinary Club and, on behalf of the Board, I would like to thank Daniel and his family for their commitment and loyalty to the Club over so many years.
‘This is a new era of leadership for the club, on and off the pitch. I do recognise there has been a lot of change in recent months as we put in place new foundations for the future.
‘We are now fully focused on stability and empowering our talented people across the Club, led by Vinai and his executive team.’
Levy’s departure comes after a summer transfer window where the club spent £170million on new signings.
More to follow