Tottenham Hotspur's Chief Executive Officer, Vinai Venkatesham, has reaffirmed the Lewis family's unwavering commitment and long-term vision for the club, emphasizing their dedication to sustained success. This declaration comes after a period of significant change for Spurs, including Daniel Levy's departure as executive chairman after 25 years.
Venkatesham addressed concerns about the club's future following Levy's exit and amidst speculation of potential takeovers. He stated unequivocally that Tottenham Hotspur is not for sale and that the Lewis family intends to maintain ownership "through the generations". He highlighted the family's passion for the club and their ambition to see both the men's and women's teams achieve success on the pitch.
The Lewis family's commitment extends to providing the necessary financial backing to achieve these ambitions. Venkatesham acknowledged the need for continued investment in the playing squad and assured fans that the owners are fully supportive of these efforts. However, he also emphasized the importance of maintaining a sustainable financial approach, adhering to financial fair play regulations, growing revenues, developing young players, and making strategic player sales.
Venkatesham highlighted that the "next generation" of the Lewis family, including Viv Lewis, her brother Charlie, and son-in-law Nick, will assume more prominent roles at the club. He emphasized their shared passion for Tottenham Hotspur and their ambition for the club's future.
The departure of Daniel Levy marks the end of an era for Tottenham Hotspur. Levy oversaw significant infrastructure developments, including the construction of a new stadium and training ground. While the club achieved profitability under Levy's leadership, the Lewis family is hoping that this new era brings "more wins, more often".
Venkatesham paid tribute to Levy's contributions, acknowledging his role in transforming the club. He also expressed confidence in the club's executive team and its ability to ensure a smooth transition. Peter Charrington has taken over as non-executive chairman.
The club recently rejected two expressions of interest in acquiring the club, one of which came from PCP International Finance, led by Amanda Staveley. This firm rejection further underscores the Lewis family's commitment to maintaining ownership and guiding the club forward.
In summary, Tottenham Hotspur is entering a new era under the leadership of Vinai Venkatesham and with the full backing of the Lewis family. The focus is on building on the existing foundations, investing in the playing squad, and achieving sustained success on the pitch while maintaining a financially sustainable model. The Lewis family's long-term commitment provides stability and reassurance to fans as the club embarks on this new chapter.
