Saturday September 30, 2023

Could Tottenham End Up For Sale After Owner’s Alleged Insider Trading?

  • The owner of the Premier League team has been charged with insider trading in the U.S.
  • Tottenham is valued at $2.8 billion making it the 9th most valuable soccer club in the world.
Isaiah J. Downing-USA TODAY Sports
Front Office Sports Today

Donovan McNabb and the State of Football

From Taylor Swift to the Prime Effect, there's a lot going on in the world of football.
Listen Now
September 29, 2023 | Podcast
Linkedin
Copy Link
Link Copied
Link Copied

Tottenham Hotspur have been dealt a major blow just weeks before the new Premier League season starts, casting a dark cloud over the English soccer team.

Joe Lewis, the British billionaire and majority owner of Tottenham, has been charged in the U.S. with insider trading. Federal prosecutors in Manhattan accused the 86-year-old of giving tips to friends, associates, and romantic partners from 2019 to 2021.

Lewis owns Tottenham via his investment company ENIC, along with Daniel Levy — the club’s executive chairman and minority investor. Tottenham is the ninth-most valuable soccer club in the world at $2.8 billion, according to Forbes, and Lewis himself is worth more than $6 billion.

The team had no comment for the New York Times, calling the situation “unconnected to the club.” Should the situation worsen for Lewis, the club’s ownership structure could come under scrutiny. 

Last year, Russian oligarch Roman Abramovich was forced to sell fellow EPL club Chelsea due to U.K. sanctions stemming from his close ties to Vladimir Putin. Dodgers co-owner Todd Boehly emerged from a long list of suitors to acquire the club for $5.4 billion.

If Tottenham hits the market, expect similar interest from the world’s wealthiest figures, including strong bids from more Americans. During the Chelsea bidding, the Ricketts family (owners of the Chicago Cubs), Jets owner Woody Johnson, and new Commanders owner Josh Harris all showed interest in the club.

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

O’s New Lease Deal Continues Stadium-Centered Development Trend

MLB club gains 99-year development rights agreement for ballpark area

Colorado Has Become the Hollywood of College Football. This Weekend Proves It.

Folsom Field will welcome dozens of Hollywood stars on Saturday.

ESPN, Tiger-Rory Golf League Close To Long-Term Deal

New entity backed by Woods, McIlroy nears critical agreement

Endeavor, Fenway Sports Could Offer Competition to PGA Tour’s Saudi Deal

U.S. investors are reportedly wanting to get involved with the Tour.
podcast thumbnail mobile
Front Office Sports Today

Donovan McNabb and the State of Football

0:00
0:00

Featured Today

Baltimore Looks To Return To The Oriole Way

Baltimore’s baseball renaissance this season will significantly impact a franchise, league, and…
College football is taking over Saturday night.
September 30, 2023

How College Football’s Biggest Games Took Over Saturday Night

Network competition and West Coast storylines helped college football stage a coup.
September 29, 2023

Ryder Cup’s Future Hanging In The Balance Amid Saudi Disruption

An unexpected change could be coming to the Ryder Cup.
Toy Story
September 29, 2023

‘Toy Story’ Success Could Lead to More Disney-Branded NFL Kid-Casts

A successful ‘Toy Story’ game could open the door for other franchises.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
Chicago
Fanatics
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations

Orioles End Uncertainty With New 30-Year Lease Deal

New agreement follows more than three years of back-and-forth negotiations
September 28, 2023

AC Milan Abandons $1.3B Project For New 70,000-Seat Stadium

RedBird Capital-owned club continues path toward its own facility
September 28, 2023

Manfred Wants Vote On A's Move To Vegas In November

A's move will be just MLB's second franchise shift since 1971
Olympique-Lyonnais
September 27, 2023

French Soccer Club Lyon Seeking $300M Capital Raise

The club was sold for a record price last French year.
September 27, 2023

Magic Johnson Open To Knicks Minority Ownership Stake

Basketball Hall of Famer only interested in specific NBA franchise
Golden State Warriors GM Mike Dunleavy Jr. recognizes the impact the NBA’s new second tax apron rule could have on his organization.
September 27, 2023

Warriors GM Feels ‘Targeted’ With NBA’s New Tax, Rest Rules

"They're making rules to prevent you from succeeding,” Mike Dunleavy said.
September 26, 2023

Fire Owner Mansueto Bets On Messi To Elevate His Own Team

MLS team owner plans series of promotions, game enhancements
A Chicago Bears helmet.
September 26, 2023

Arlington Heights Looks To Break Stadium Logjam With Bears

Village board cites striking Bears deal as its top priority