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Jay-Z Reportedly Wants To Buy Tottenham Hotspur

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Billionaire Jay-Z Reportedly Interested In Buying Tottenham Hotspur

Billionaire Jay-Z Reportedly Interested In Buying Tottenham Hotspur

According to Football365, British billionaire Joe Lewis – whose family trust owns the football club – was granted bail by a judge in New York after pleading not guilty to charges of giving insider trading tips.

The 86-year-old is also facing 16 counts of security fraud and three counts of conspiracy.

If convicted of either charge, Lewis could incur prison time and hefty fines, meaning he’d have to give up ownership of the North London club. An associate of Jay-Z told The Daily Express that if that comes to pass, the rapper may try his hand at purchasing the football team.

“More than a few of the very top clubs there – like Manchester United, Liverpool and Chelsea – are now under US ownership and Jay would jump at the chance of a controlling interest at board level somewhere with the global reach of Spurs,” they said.

“It remains to be seen whether Mr Lewis will walk away free. If he doesn’t, Jay has said he wants to be in a position to move quickly if he feels the price is right.”

The estimated market value of Tottenham Hotspur FC has risen to $2.8billion (£2.18billion) this year. His associate added that reportedly “[Jay-Z] believes this is achievable, especially with the backing of fellow investors.”

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