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| Photo=Football Insider |
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Tottenham Chairman Daniel Levy succeeded in increasing his fortune with the club's great success.
British Football Insider reported on the 24th (Korea time) "President Levi's personal stake in Tottenham amounts to 800 million pounds (about 1.47 trillion won) as the club's value has soared in recent years."
Currently, Tottenham's estimated value is estimated to be as much as 3.75 billion pounds (about 6.89 trillion won). Tottenham's performance has improved since the mid-2010s, and the club's value has exploded as it owns a state-of-the-art stadium called Tottenham Hotspur Stadium.As Tottenham's value grew, Chairman Levi's wealth also exploded.
Levy has been chairman of Tottenham since 2001. With ENIC Group's acquisition of Tottenham, Chairman Levi will serve as chairman. Currently, Tottenham's majority shareholder is ENIC Group, which owns 85.68% of the club. A 29.88% stake in ENIC Group, owned by Chairman Levi and his family, is reported.
Tottenham's value is expected to continue to rise in the future. This is because the club's profits have been on the rise in recent years. According to annual Football Money League data published by Deloitte in the United States, Tottenham is the eighth-highest-grossing football club in the world.
The growth rate is also great. In 2019, Tottenham surpassed 500 million euros (about 761.9 billion won) in revenue for the first time in the club. It fell to 406 million euros (about 618.7 billion won) in 2021 when matchday profits plunged due to the outbreak of COVID-19, but it has managed to recover quickly from 2022.
Tottenham, which surpassed 500 million euros again in 2022, earned a whopping 631 million euros (about 961.6 billion won) in 2023. Tottenham is up 21% compared to 2022. Since it has advanced to the European competition in 2024, it is expected to surpass 1 trillion won in annual profits for the first time in the club. Tottenham is making such a lot of money, so the club's value is expected to rise without stopping.
Stephen Boson, a financial expert, said "Tottenham has been very successful financially. Its value is five times higher than when Chairman Levi took over the club for 500 million pounds (about 919.2 billion won). Naturally, there was also a rise in his assets, and now it is worth £800 million. We overlook that he is one of the most successful British businessmen with a fortune of £800 million. There aren't this many billionaires in the UK."
Chairman Levy's wealth has risen to a ridiculous level, but he is still evaluated as a `cheap-dol' in the club's finances. It is said that Son Heung-min chose a one-year extension because it was a waste of his salary increase over the renewal of his contract.
Tottenham's value and reputation have grown, but they have not shown much of their willingness to win the championship, and criticism of Levy continues to grow.
rlaeotlr2024@sportschosun.com
