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Joe Lewis Insider Trading Scandal Likely To Expedite Sale Of Tottenham Hotspur

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“None of this was necessary,' said U.S. Attorney Damian Williams of the charges against the billionaire Tottenham owner. 'Joe Lewis is a wealthy man.”

Lewis ceased to be a person with significant control of Tottenham Hotspur Limited in October 2022. The owner of Tottenham Hotspur Football Club currently is ENIC Sports Inc., with majority control held by a family discretionary trust of which Lewis is not a beneficiary. The trust is managed by two independent professional trustees on behalf of its beneficiaries.

But certain members of Lewis’s family are potential beneficiaries of a discretionary trust that ultimately owns 70.12% of the share capital of ENIC. Of the total issued ordinary share capital of THL, ENIC owns 86.58%. ENIC also owns one THL convertible A share.

 

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Paramours, Pilots and a Poker Pal: Longtime Tottenham Owner Allegedly Shared Insider-Trading TipsJoe Lewis, the 86-year-old billionaire whose family trust now controls the English soccer team, is a defendant in New York.
Source: WSJ - 🏆 98. / 63 Read more »