Why exactly do some spurs fans have a god like reverence towards Levy?
For exactly the same reasons some venomously hate him and believe he is the reason why Spurs are not Real Madrid. Fans are crazy people.
He's an owner/chairman and has done a solid job overall, taking over the club in probably it's darkest hour of the modern era and rebuilding it back up. He's not perfect or a god, but he's also not sabotaging the club or robbing it blind. He's definitely erred on the side of long term stability over short term immediacy and fans are more likely to be short term thinkers (WE ARE RUINED IF WE SELL BERBATOV AND CARRICK, WE CAN WIN THE LEAGUE IF WE BUY BIG RIGHT NOW, etc, etc) and that leads to friction. Levy also basically does no PR at all, in any form - which lets fans form their own picture of what goes on in N17. Some are convinced he's a genius, others that he's only in it to make himself rich and Levy does nothing to try and weigh into those debates or influence his image at all.
I will say - building Spurs up to the point where the club is likely to break into the top 10 globally in revenue, keeping our star players, being consistently in the Champions League and in a glorious new stadium would have been an unthinkable achievement just a decade ago (Berbatov was sold almost exactly a decade ago, which seems like 3 lifetimes back now as a Spurs fan). It's easy to lose track of that in the week to week, month to month minutae of each season and especially for younger fans (say - under the age of 30) they barely even remember when Spurs weren't even close to competitive with the "Big 4" and trying to not get relegated.
I'd love to win the league here in the next couple of seasons. I think it would be difficult, but it's possible. The fact that it is even a dream you can have a tiny bit of still seems remarkable though. And so a stadium delay here or there, a quiet transfer window ... just does not bother me as much anymore. I don't think Levy is godlike, I think he's an owner/chairman who has mostly done a good job and as long as the long arc of Spurs development continues upward I just cannot bother to get
@SquishyMcSquish levels of pissed off or
@GlastonSpur levels of defensive.