ENIC International Ltd was formed in 1991 as an investment company focused on sports, entertainment, and media. Daniel Levy joined the company and became its managing director in 1995, forming a business association with Joe Lewis. Under Levy's direction, ENIC evolved from a broad investment vehicle into a sports-focused holding company.
In the late 1990s, ENIC acquired stakes in several European football clubs, including AEK Athens, Vicenza Calcio, Slavia Prague, FC Basel, and Rangers FC. This multi-club approach was eventually scaled back as ENIC decided to concentrate its resources on a single major football investment. ENIC first acquired a stake in Tottenham Hotspur in 2001, purchasing shares from Alan Sugar and gradually increasing its holding over the following years to reach the current 85.55% level.
Under ENIC's ownership, Tottenham has undergone a significant transformation. The club moved from the aging White Hart Lane to the state-of-the-art Tottenham Hotspur Stadium, which opened in April 2019 at an estimated cost of over 1 billion GBP. The stadium is one of the most modern in world football and generates significant revenue from matchday operations, concerts, NFL games, and other events. Tottenham also reached the UEFA Champions League final in 2019, losing to Liverpool.
In September 2025, Daniel Levy was dismissed as chairman of Tottenham Hotspur, ending a 24-year tenure that defined the modern era of the club. The Lewis family, through ENIC, has since taken more direct control of the club's operations and strategic planning.