Daniel Levy is poised to see a slight reduction in his stake at Tottenham Hotspur after missing a critical deadline to participate in a club share issue, as reported by the Press Association.

This summer, the Lewis family, which oversees Spurs’ majority owner Enic, provided a substantial £100m cash injection into the club, thereby increasing their holding to approximately 88 percent. Levy, who is a minority shareholder, had the chance to purchase his proportionate share to maintain his stake at about 29 percent, but he failed to meet the 60-day deadline to invest.

Sources close to the Lewis family indicated:

• Levy was aware of the funding commitment.
• He ultimately missed the deadline set for Monday to contribute his share.

A source stated, "Daniel committed to funding and failed to do so, despite the extended deadline." The family remains focused on enhancing the team, supporting management, and fostering a stable environment for the club.

In the backdrop of this development, unverified reports surfaced suggesting that Levy had sold his 24.99 percent stake in Enic to American entrepreneur Brooklyn Earick. However, an ENIC spokesperson refuted these claims, stating, "We can confirm that neither Enic nor Tottenham Hotspur Football Club are aware of any sale by Daniel Levy’s family trust of its minority stake in Enic."

In parallel, the Lewis family is part of a consortium bidding for a London-based basketball team in the upcoming NBA Europe franchise. It has been an active summer for Tottenham, with £237m spent on revamping Roberto De Zerbi’s squad. Key defenders Pedro Porro and Micky van de Ven have signed new long-term contracts, while further attacking reinforcements are being sought as the transfer window closes.