Tottenham chairman Daniel Levy has said it was a "mistake" to hire Jose Mourinho and Antonio Conte, adding that the Premier League club "needed to go back to its roots" with new manager Ange Postecoglou.
In March, former Juventus coach Conte became the second serial-winning manager to leave the north London side in little more than three years after they also sacked Mourinho two years ago after the Portuguese was brought in to replace the hugely popular Mauricio Pochettino.
Levy has been under fire in the past, with some Spurs fans blaming the 61-year-old for the club not winning any silverware since 2008.
"I want to win just as much as everybody else," Levy said at a fan forum.
"The frustration of not winning and the pressure from maybe some players and a large element of the fan base that we need to win, we need to spend money, we need to have a big manager, a big name. And it affected me."
Now Chelsea manager Pochettino was fired in 2019, just five months after leading Spurs to the Champions League final.
"I had gone through a period where we'd almost won, with Mauricio we went through some very, very good times. We didn't quite get there but we came very close, and we had a change of strategy," Levy said.
"The strategy was let's bring in a trophy manager and we did it twice. You have to learn by the mistakes."
However, Levy said they have got their "Tottenham back" with the appointment of Postecoglou, who has already managed to lift the gloom that was hanging over the club by guiding them to their best start to a league season in 57 years.
Spurs are currently second in the table just two points behind treble winners Manchester City, and next visit London rivals Arsenal on Sunday before hosting third-placed Liverpool on 30 September.
"They (Mourinho and Conte) are great managers, but maybe not for this club. For what we want, we want to play a certain way and if that means it has to take a little bit longer to win, maybe it's the right thing for us," Levy added.
"And that's why bringing Ange in was, from my viewpoint, exactly the right decision."
Levy also revealed for the first time he would be "open" to selling his stake in Spurs if it was right for the club.
He has been Spurs chairman since 2001 and runs affairs for majority shareholder ENIC, which owns 86.58% of the club while the other 13.42% of shares are held by around 30,000 individuals.
The first half of 2023 proved tumultuous for Tottenham and as a result Levy faced several calls from supporters to leave his position, but the mood in N17 has been transformed following the appointment of Ange Postecoglou.
Unrest, however, off it remains bubbling under the surface with fans protesting before last month's win over Manchester United due to the club's decision to increase match day ticket prices for this season.
Meanwhile, Joe Lewis - Tottenham owner until October when he ceased to be "a person with significant control" and the club shares were handed over to his family trust - was indicted on charges of insider trading in America in July.
Takeover interest in Tottenham has grown since the club opened its 62,850-seater stadium in 2019 and earlier this year Levy met with Qatar Sports Investments chairman Nasser Al-Khelaifi to reportedly discuss QSI purchasing a minority stake, although this was denied by Spurs.
During an interview with Bloomberg on Wednesday, Levy confirmed the club's shareholders would be open to selling the club if a "serious proposition" was put forward.
"I've got no real interest to leave Tottenham, but I have a duty to consider anything that anyone may want to propose," Levy said.
"It's not about me, it's about what's right for the club. We have 30,000 shareholders who own approximately 13.5 per cent. We run this club as if it is a public company.
"If anyone wants to make serious propositions to the board of Tottenham, we will consider it along with our advisors. And if we felt it was in the interests of the club, we would be open to anything."
