Tottenham Hotspur appear to be entering a new chapter following the departure of long-time chairman Daniel Levy, whose 25-year reign was marked by both brilliant decisions and costly mistakes.
Under his leadership, Spurs grew into one of the most financially successful clubs in world football, but their lack of major trophies and cautious spending left many supporters divided.
Now, with the Lewis family steering the club’s direction, Tottenham are making significant internal changes and are reportedly working to correct some of the missteps made under Levy’s tenure.
Peter Charrington has stepped in as the club’s new non-executive chairman, while former Arsenal CEO Vinai Venkatesham is taking a more hands-on role in daily operations.
The boardroom shuffle is just one part of a broader transformation intended to push Spurs into a new era of competitiveness. Earlier this month, Tottenham received a major £100 million capital injection from ENIC, the club’s ownership group, signaling renewed ambition after turning down multiple takeover bids, including approaches from Amanda Staveley’s PCP International Finance Limited, Firehawk Holdings Limited, and American tech investor Brooklyn Earick.
The club also announced the return of transfer chief Fabio Paratici, who will work alongside Johan Lange in a co-sporting director setup.
Paratici, known for his dealmaking skills, will focus on executing transfers, while Lange will oversee Tottenham’s data-driven scouting and recruitment model. In addition, Dan Lewindon is set to join as the new Performance Director after serving his notice period with the City Group.
These structural adjustments follow years of mixed feelings about Levy’s leadership. While he played a pivotal role in delivering the state-of-the-art Tottenham Hotspur Stadium and boosting revenue streams, his cautious approach in the transfer market often frustrated fans.
Despite signing iconic players like Gareth Bale, Luka Modrić, Christian Eriksen, and Rafael van der Vaart, he was equally responsible for big-money flops such as Roberto Soldado and Vincent Janssen.
A look at Deloitte’s 2025 Money League report shows Tottenham’s financial standing among football’s elite clubs:
| World Football’s Highest Revenue-Generating Clubs (2025) | Revenue |
|---|---|
| Real Madrid | £1.2 billion |
| Manchester City | £727 million |
| Paris Saint-Germain | £700 million |
| Manchester United | £668 million |
| Bayern Munich | £664 million |
| FC Barcelona | £659.5 million |
| Arsenal | £621.5 million |
| Liverpool | £620 million |
| Tottenham Hotspur | £533 million |
| Chelsea | £474 million |
Financially, Spurs are thriving, but on the pitch, the story hasn’t always matched the balance sheet. One of Levy’s more recent gambles signing Argentine striker Alejo Véliz from Rosario Central for around £13 million now looks like another mistake that the new regime may look to correct.
Véliz was signed in the same window as Micky van de Ven, but while the Dutch defender has quickly established himself as a Premier League standout, the Argentine forward has struggled to make any impression.
Since his arrival, the 22-year-old has made just eight appearances for Spurs, scoring only once against Brighton in 2023. His lack of impact led to a series of loan spells at Sevilla, Espanyol, and back at Rosario Central, none of which have reignited his form.
Football pundit John Wenham has been blunt about the striker’s future, saying, “I don’t see him ever featuring for Tottenham again.” He added that while the £13 million fee was substantial, such risks are part of football’s recruitment process.
“Not every signing will succeed. We paid a similar amount for Pape Matar Sarr and less for Luka Vušković, and both have shown real promise,” he noted.
Véliz’s story is one of unfulfilled potential. Once described by Spanish football experts as an “exciting” talent with “incredible ability in the air,” he was expected to develop into a complete striker.
Graham Hunter even predicted in 2024 that Véliz could become a 16–17 goal forward, praising his judgment, strength, and raw energy. Yet, those qualities have not translated into consistent performances, and his future at Spurs now hangs in the balance.
As Tottenham reportedly explore options for a new striker, Véliz’s chances of reviving his career in north London are growing slimmer by the week. The club’s restructuring, new leadership, and aggressive recruitment push all point toward a fresh vision one focused on blending smart business with tangible success on the pitch.
For now, the Véliz chapter seems to serve as a reminder of the Levy era’s hit-and-miss transfer record.
With Tottenham’s new management team in place and a clear financial foundation to build on, fans will be hoping this next era brings not only strong revenue numbers but also the long-awaited silverware that has eluded them for so long.
