- Bahamas-based billionaire bailed on 19-count indictment in US
- Spurs say it is a ‘legal matter unconnected to the club’
Tottenham have sought to make it plain that Joe Lewis is no longer the owner of the club after he was charged on Tuesday with insider trading by US federal prosecutors.
The 86-year-old Bahamas-based billionaire, who faces a 19-count indictment – 16 counts of securities fraud; three counts of conspiracy – was bailed by a judge in New York on Wednesday after pleading not guilty to charges of giving insider trading tips. He stepped back from his publicly stated position at Spurs on 5 October 2022 in a move that was also signed off by the Premier League’s board. As such, the Premier League does not feel the need to take action against Spurs in response to the charges that have been brought against Lewis. If convicted, the boy from London’s East End made good faces a lengthy jail sentence.
Written by David Hytner
This news first appeared on https://www.theguardian.com/football/2023/jul/26/tottenham-joe-lewis-insider-trading-football under the title “Tottenham distance themselves from Joe Lewis after insider trading charges”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
