Daniel Levy, the former executive chair of English Premier League soccer side Tottenham Hotspur, has divested from most of his holdings in the investment firm ENIC Sports & Developments (ENIC), the club’s majority shareholder.
Levy has sold a 24.99% stake in ENIC to Eight Sports Capital, an investment fund led by executive Wing-Fai Ng, who is currently the chief executive of digital broadcast platform Triller, and Taiwan’s Richard Tsai, and Eight Sports chief executive Brooklyn Earick.
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Much of Triller’s business is centered on the pay-per-view combat sports industry, and it purchased the Bare Knuckle Fighting Championship promotion in 2022.
Now, the company has put together this investment fund (Eight Sports Capital) to front its move into soccer investment.
Levy will retain a 4.87% stake in ENIC, which is majority owned by the UK-based businessman Joe Lewis, also owner of private equity investment company Tavistock Group, and his family trust, which holds 70.12% of ENIC.
Finances regarding the deal have not been published
Ng and Earick have been circling the acquisition of Spurs for some time, first rumored in September 2025 as one of several reported prospective bidders.
As a whole, ENIC owns 86.58 per cent of Tottenham, with the remaining percentage split between a variety of minority shareholders, and if a firm were to be successful in acquiring ENIC's stake, it would be required to make a mandatory offer for the remainder of the club's shares.
Levy exited in 2025 after 25 years at the helm of the side, a tenure that has seen the club become one of the richest in the world.
According to Deloitte’s most recent Football Money League, published for the 2023-24 season, the club was the ninth-richest in the world with an annual turnover of £512 million.
Levy was instrumental in building a modern new stadium – widely regarded as one of the most impressive sporting facilities in the world – for Tottenham, along with a state-of-the-art training ground.
A notable backdrop to this significant and seismic change at Tottenham is the search for new investment.
In 2023, it was reported by the Financial Times that US-Iranian billionaire Jahm Najafi, chair of the MSP Sports Capital private equity firm, was eyeing up a takeover of the club.
This investment comes at a time of torrid on-pitch performance for Tottenham, who have finished 17th in the Premier League two seasons in a row, and off the pitch, the club recorded a loss of £94.7 million ($127.1 million) for the 2024-25 season.
Last season, the loss came despite revenue increasing by 7%, to £565.3 million – the matchday revenue and commercial revenue segments saw year-on-year increases, but TV and media income dropped from 2023-24.
Commercial income came to £277.1 million, TV and media revenues to £127 million, and matchday income amounted to £126.5 million.
Operating expenses, meanwhile, increased year-on-year by 15%, coming to £521.5 million.
