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Published: 15:43, 24 Jan 2024Updated: 15:44, 24 Jan 2024
Tottenham billionaire Joe Lewis has pleaded guilty to US insider trading charges.
The 86-year-old pleaded guilty to one count of conspiracy to commit securities fraud and two counts of securities fraud.
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Lewis told the court: "I am so embarrassed and I apologise to the court for my conduct."
Lewis ceded control of Tottenham in October 2022. Members of his family now own 70.12 per cent of Enic Sports Inc, who own 86.58 per cent of the London club.
Companies House documents show that Lewis, who is worth just over £5billion, ceased to be a person with significant control. Spurs chairman Daniel Levy now largely takes charge of the day-to-day running of the club.
More to follow.
