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New Delhi: Longest-serving English Premier League chairman Tottenham's Daniel Levy will leave his role after nearly 25 years, the London-based club announced on Thursday.
"This is all part of the club's ambition to ensure that it is set up to deliver long-term sporting success," Spurs said in a statement on their website.
Levy has often been a dividing figure among the Tottenham fans, who blame him for the club's failure to but and keep players capable of winning the EPL.
Tottenham's last English top-flight title came in 1961, after which they have struggled to win major trophies.
Known for his tough negotiation skills, Levy though his credited for transforming the infrastructure of the club with a new stadium and a modern training ground.
Spurs won their first trophy since 2008 last season when they defeated Manchester United to lift the Europa League, earning them a spot in the lucrative Champions League for the seventh time under Levy.
"I am incredibly proud of the work I have done together with the executive team and all our employees," the 63-year-old Levy said.
"We have built this club into a global heavyweight competing at the highest level. 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."
Levy took charge as chairman from Alan Sugar in February 2001 after ENIC bought a majority stake in the club.
During Levy's tenure, Spurs won two trophies, the League Cup, and Europa League, but were 17th in the EPL last season, their worst finish.
Tottenham also announced that would be no changes to the ownership or shareholder structure of the club, while a director of ENIC Peter Charrington assumes the newly-created post of non-executive chairman.
"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," Charrington said.
"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 (CEO) Vinai (Venkatesham) and his executive team."
Spurs have an estimated value of $3.3 billion and are ninth on Forbes' list of richest football clubs.
