Daniel Levy may have left his role as Tottenham Hotspur chairman 12 months ago, but the ongoing tug-of-war between him and the Lewis family continues.Despite vacating his role at the helm of Tottenham last summer after 24 years in charge, Levy is still linked to Spurs through his stake in ENIC.The former Spurs chairman owns a 29.88 per cent share in ENIC, the company which in turn holds 86.91 per cent of Tottenham Hotspur.It turns out that the 64-year-old’s shares in the North London club have been diluted following the recent decisions by majority owners.Credit: @thefrederikkejensen / InstagramDaniel Levy fails to meet deadline to invest in TottenhamBloomberg now reports that Levy has now been informed by the Tottenham owners that he missed the deadline to participate in a team share issue.The club raised new shares in ENIC this year, as the Lewis family announced that they had invested a further £100m.Levy was offered the opportunity to participate in accordance with his stake, and he first requested an extension to the timetable, according to a source close to the Lewis family.The former Tottenham chairman then committed to the funding and was given 10 days to find the required money.However, the source in question has now said that Levy has not met the requirements and, with the deadline having passed, his stake in ENIC has been diluted from its current level.Does Levy plan to hold on to his stake at Spurs?Some reports over recent months have indicated that Levy could sell his stake in ENIC, worth around £800m, to a third party.However, this news of him offering to invest in the club to maintain his shares suggests that he does not plan on cashing in anytime soon.There does seem to be an arm-wrestle between him and the majority owners, and some reports have suggested that the civil war at Spurs between the Lewis family and Levy may deter potential buyers.However, the Lewis family have maintained that they have no interest in selling Tottenham despite ongoing rumours of possible takeover talks.READ MORE: Tottenham receive official opening offer for Djed Spence, fee revealed as talks continueThe post Daniel Levy has ENIC shares diluted after missing Tottenham investment deadline appeared first on Spurs Web.