'I think it is a decision taken by younger generations'published at 09:49 British Summer Time
Sami Mokbel
BBC Sport Senior football correspondent on BBC Football Daily
The other interesting element of this that isn't in the statement is that this happens with immediate effect so read into that what you will.
Daniel Levy's family own 30% of ENIC who are the majority shareholders of Tottenham.
But, my understanding is that he will cease to have any direct involvement with the club with him stepping down as Executive Chairman but the shareholding structure between ENIC and Tavistock does not change.
But, all out indications are that Levy will cease to have any control of the club. Also, from what I understand, this is not necessarily a decision taken by Joe Lewis himself. I think it's a decision taken by younger generations of the club.
So, Vivian and Charlie, who are Joe's children, are involved in the decision and Joe's grandson in-law Nick Beucher is also involved.
