Tottenham Hotspur are not at risk of any Premier League action after Joe Lewis was charged with multiple counts of insider trading in the last 24 hours.
As such, the Lilywhites will not face any sanctions for the charges, and if Lewis is found guilty, the club will not be forced into a sale.
Joe Lewis is no longer the majority Spurs owner
The report adds that the Lewis Family Trusts was reorganised in October last year, meaning Lewis no longer has any significant control over Tottenham.
It has also been revealed that he gave up majority control of ENIC to the Family Discretionary Trust, which Lewis is not a beneficiary of.
This all comes after Joe Lewis was charged by federal prosecutors with insider trading more than a dozen times, across a period of eight years. He has since turned himself in to the authorities (Bloomberg).
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When contacted for comment by Sky News, a Tottenham club spokesperson said: “This is a legal matter unconnected with the club and as such we have no comment.”
Spurs Web Opinion:
This is by no means ideal for Tottenham, but at least fans can rest easy in the knowledge that it will not impact the club negatively, beyond PR. It really does just feel like one thing after another as a Spurs fan though.