Joe Lewis and insider trading

[sidford]

Have pasted in relevant section from this article from Matt Slater this morning

The Business of Football: A Jurgen Klopp-shaped hole for Liverpool and 'game on' for Spurs?

It's been a remarkable week in the business of football. Matt Slater takes you through it

theathletic.com

Game on, Spurs for sale again’?
On Wednesday, Joe Lewis pleaded guilty to charges of insider trading in the U.S.

This was news because the 86-year-old Londoner owned Tottenham Hotspur between 1991 and 2022, when he quietly passed control of the Premier League club to a family trust.

Back then, the vibe from the club was very much “nothing has changed; business as usual”, but that became “Joe who?” when he was charged last summer.

At that point, Lewis also strongly denied the charges, which were related to him passing on stock-market tips about companies he part-owned to his girlfriends, assistants and the pilots of his private jet.

Billionaire former Premier League club owner pleads guilty to fraud: 'I am so embarrassed'

But on Wednesday he changed his tune, holding his hand up to three of the charges and saying he was “so embarrassed” and would like to apologise.

Of course, this has absolutely nothing whatsoever to do with Spurs and it must just be a coincidence that within half an hour of the story breaking, a leading football dealmaker contacted The Athletic to say “Game on, Spurs for sale again”.

We shall be watching this space.

 

[Colonel_Klinck]

...and he won't serve a day in jail

 

[UncleBuck]

...and he won't serve a day in jail

Wow, how much has that cost him…

 

[Hazelton]

The sooner we cut ties with this dodgy bastard the better.

 

[rockyhotspur]

The sooner we cut ties with this dodgy bastard the better.

On a personal level we already have.

 

[Ron Burgundy]

...and he won't serve a day in jail

If you read what he did - as far as I understand it, helped out some staff etc - it doesn’t warrant jail IMO. Don’t know the details admittedly.

 

[Ron Burgundy]

The sooner we cut ties with this dodgy bastard the better.

He’s no worse (and in many instances better) than mort owners

The Saudis, Abramovic etc - they’ve had people killed FFS

 

[ukdy]

Silly on his part, should have just given each of those people concerned £100k bonus and have done with it.

But that's the thing when you're and old billionaire I imagine, not giving a fuck and seeking adulation because you could help someone get a quick buck. I think he even leant them money to invest before paying back after gaining from insider trading.. FFS.

All a bit stupid and 'white collar' at the end of the day. Pay a fine, which means not a lot in the scheme of his overall wealth. It's a speeding ticket.

 

[Westmorlandspur]

If you read what he did - as far as I understand it, helped out some staff etc - it doesn’t warrant jail IMO. Don’t know the details admittedly.

Lent his two pilots half a million dollars each. Told them to buy certain shares. After they rocketed in value they sold them and kept the profit. Nice gesture really. His only crime was to get caught.
Joe was born in same street as Harry Redknapp. Harry never got caught…yet!

 

[allatsea]

Lent his two pilots half a million dollars each. Told them to buy certain shares. After they rocketed in value they sold them and kept the profit. Nice gesture really. His only crime was to get caught.
Joe was born in same street as Harry Redknapp. Harry never got caught…yet!

Harrys best mate helped him out

 

[Styopa]

I think maybe if he was younger the idea of some jail time might make more sense. But he’s 87. I’m not sure we should be sending 87 year olds to prison for fraud, especially fraud of this nature. It’s not like he robbed thousands of people of their pension funds. It was dodgy and maybe motivated by arrogance and greed but I think it was probably the right decision by the court overall.

 

[Archibald&Crooks]

I think maybe if he was younger the idea of some jail time might make more sense. But he’s 87. I’m not sure we should be sending 87 year olds to prison for fraud, especially fraud of this nature. It’s not like he robbed thousands of people of their pension funds. It was dodgy and maybe motivated by arrogance and greed but I think it was probably the right decision by the court overall.

Well, not that you're wrong, but judging by the virtue signallers (haha) on here old people shouldn't get cut slack

They should lock him up and Spurs can authorise an 'All or Nothing' style TV documentary, based on Porridge with Uncle Joe as Fletch and Daniel playing Godber

 

[JW72]

Well, not that you're wrong, but judging by the virtue signallers (haha) on here old people shouldn't get cut slack

They should lock him up and Spurs can authorise an 'All or Nothing' style TV documentary, based on Porridge with Uncle Joe as Fletch and Daniel playing Godber

Well, Fletch was a Spurs fan of course...