Breaking: Daniel Levy steps down as Tottenham chairman

Daniel Levy has stepped down from his role as the chairman of Tottenham Hotspur although the club has stressed there is no change to the ownership of the organisation.

Spurs announced on Thursday that "Daniel Levy has today stepped down from his role as Executive Chairman after nearly 25 years.

"Tottenham Hotspur has been transformed over the last quarter of a century. It has played in European competitions in the last 18 of 20 seasons, becoming one of the world’s most recognised football clubs, consistently investing in its academy, players and facilities, including a new, world-class stadium and state of the art training centre. The club has also competed regularly at the highest level, enjoying a number of fantastic on-field successes, including the recent Europa League cup win.

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"As part of its succession planning, the club has made a number of senior appointments in recent months. Vinai Venkatesham was hired as Chief Executive Officer (CEO), with Thomas Frank as our new men’s head coach and Martin Ho as women’s head coach. Peter Charrington joined the board and will step into the newly created role of Non-Executive Chairman.

"This is all part of the club’s ambition to ensure that it is set up to deliver long-term sporting success."

Levy spoke about his departure and contribution to the club over almost a quarter of a century.

"I am incredibly proud of the work I have done together with the executive team and all our employees. We have built this club into a global heavyweight competing at the highest level. More than that, we have built a community. I was lucky enough to work with some of the greatest people in this sport, from the team at Lilywhite House and Hotspur Way to all the players and managers over the years," he said.

"I wish to thank all the fans that have supported me over the years. It hasn’t always been an easy journey but significant progress has been made. I will continue to support this club passionately."

Peter Charrington, non-executive chairman, said: “I am very honoured to become Non-Executive Chairman of this extraordinary club and, on behalf of the Board, I would like to thank Daniel and his family for their commitment and loyalty to the club over so many years.

"This is a new era of leadership for the club, on and off the pitch. I do recognise there has been a lot of change in recent months as we put in place new foundations for the future. We are now fully focused on stability and empowering our talented people across the Club, led by Vinai and his executive team."

The club stressed that "there are no changes to the ownership or shareholder structure of the club."

In December last year, ENIC injected £35million of capital into Spurs, increasing their holding within the Premier League outfit slightly to an 86.91% share, up from 86.58%. Of that majority ENIC share of the club, a trust of which Joe Lewis' family are beneficiaries owns 70.12% while Levy and his family are potential beneficiaries of discretionary trusts which own 29.88% of that share capital.