Daniel Levy's stake in Tottenham declines after share issue deadline

Daniel Levy is poised to see a slight reduction in his stake in Tottenham after failing to participate in a recent share issue. The Lewis family's £100 million investment this summer increased their ownership to approximately 88 percent. Levy was given a 60-day window to maintain his stake at around 29 percent but missed the deadline. Despite prior commitment to fund his share, sources indicate he did not meet the extended cutoff. This summer saw substantial spending of £237 million on new players for Spurs, and further acquisitions are expected as the transfer window nears closure.

• 11:39 AMYahoo Sports — Daniel Levy set for smaller Tottenham stake after missed deadline