Figures published by Spurs on Companies House show the 64-year-old received the payout when the club forced him out as chairman in September 2025, ending almost a quarter of a century in the role.
It is the second-highest such pay-off in Premier League history, behind only the £35 million paid by Chelsea to director Marina Granovskaia following the Clearlake takeover in 2022.
Levy earned roughly £61 million in wages, bonuses and other remuneration during his time at the club, according to the same filings, which puts his total earnings at around £88 million once the golden handshake is added, a figure comparable to the fee Tottenham received from Bayern Munich for Harry Kane in 2023.
Spurs' owners parted ways with Levy because they felt results on the pitch were not good enough and that football had fallen down the priority list during his tenure. Tottenham won only two trophies while he was chairman, the League Cup in 2008 and the Europa League in 2025, though the club grew into one of English football's financial powerhouses and moved into a new stadium in 2019 under his stewardship.
Results have been disastrous since his departure. Tottenham avoided relegation only on the final day of last season, and this term they are bottom of the Premier League without a win from their opening five games, and are already out of the Carabao Cup, despite spending more than £300 million on new players over the summer.
The club's majority shareholders, the Lewis family, who run ENIC, recently invested a further £120 million.