Exclusive from Adam WilliamsWhen you’re looking at Tottenham Hotspur’s overall financial picture, you have to consider them A) as a football club and B) as a business. Daniel Levy has always said that, as Spurs actually have about 30,000 institutional shareholders who own around 13 per cent, they run the club like it’s a public business. That means they have an obligation to transparently deliver value to their shareholders. It’s hard to dispute that they have done exactly that in the ENIC era. ENIC paid about £50m in total to take control of the club over two decades ago. They are now valuing…