The financier behind the group trying to buy Daniel Levy‘s stake in Tottenham was declared bankrupt in Hong Kong last year, and his creditors are now chasing the case in an American court.
According to Bloomberg, Wing Fai Ng, the Hong Kong businessman steering Eight Sports Capital’s attempt to buy into Spurs, had a bankruptcy order made against him in April 2025 over around HK$31 million (roughly $4 million) in debts his creditors say went unpaid. In October, they asked a federal bankruptcy court in California to recognise the Hong Kong order.
Ng has appealed the order. The US filings say some of the debts have since been paid and others are still outstanding, and his spokesperson said he “rejects the premise” of the questions put to him about it.
What is the Eight Sports Capital deal for Levy’s stake?
Levy was forced out as chairman in September 2025 after falling out with the Lewis family, the majority owners of ENIC, the company that controls the club. He left still holding about a quarter of ENIC, and that is the stake Eight Sports want.
The group, fronted by American Brooklyn Earick and backed by Ng and Taiwanese billionaire Richard Tsai, announced an agreement in June to buy just under 25 per cent of ENIC. The price has been put at more than $1 billion. Five months on, the deal still has not completed, and talks are said to have stalled over how the money would be paid.
Ng was not new to the club’s radar either. The Hong Kong bankruptcy order came around a month after the Tottenham Hotspur board turned down takeover talks with a group he led. Rather than walk away, he switched his attention to Levy’s shares.
Why the Levy stake sale keeps stalling
The bankruptcy is not the only legal problem around the deal. Eight Sports are disputing a claim from the law firm Herbert Smith Freehills Kramer that it is owed £2.7 million for advice on the Tottenham investment.
Meanwhile, Levy’s position is getting weaker by the month. The Lewis family have been putting fresh money into the club through new share issues, £120 million most recently after £200 million the year before, and every issue Levy does not match dilutes the stake he is trying to sell.
Eight Sports have declined to comment on the latest developments.
Does any of this affect the club?
Not directly. The Lewis family stay in control, and a minority stake changing hands would not change who runs Tottenham day to day. Tottenham chief Vinai Venkatesham is the one setting the direction, and he spoke last week about Spurs’ Champions League ambitions after a season that had the club preparing for the worst.
But who sits on a quarter of the parent company still matters, especially if the Lewis family keep needing to put money in.
Verdict: Levy’s long goodbye is getting messier
Levy spent 25 years running Spurs and was famous for driving the hardest bargain in the room, the same approach that once held up the stadium naming rights deal. Now he is the one waiting on a buyer, and his shares are shrinking while he waits.
For Spurs fans, the hope is simple. Whoever ends up with that stake should arrive with clean paperwork and a clear plan, not a court case on two continents. Right now, that is not how this deal looks, and the longer it drags on, the more likely it is that Levy needs a different buyer.
