Jay-Z Eyes Ownership of Tottenham Hotspur F.C. Amid Owner’s Legal Troubles
Reports suggest that Jay-Z is considering taking ownership of Tottenham Hotspur F.C. in light of legal issues surrounding current owner, British billionaire Joe Lewis. Lewis, with a net worth of $6.1 billion, has been charged with multiple counts of security fraud and conspiracy related to insider trading and false filings with the United States Securities and Exchange Commission between 2013 and 2021.
Facing the charges, Lewis has pleaded not guilty and plans to vigorously defend himself in court, according to his lawyer. However, in the event of a conviction, Jay-Z, whose net worth is estimated at $2.5 billion, could potentially join an ownership group that includes American investors, aiming to acquire the football club.
With Tottenham Hotspur valued at $2.8 billion, Jay-Z has long held an interest in owning a soccer club, dating back to 2010 when he explored buying a stake in England-based Arsenal, though the attempt was unsuccessful. Now, the possibility of owning a football club is coming closer to reality for Jay-Z, who believes such an endeavor is achievable with the support of fellow investors.