Joe Lewis and insider trading

[Bluto Blutarsky]

The Premier League have confirmed to Telegraph Sport that they are satisfied that Lewis is not part of the ownership of Tottenham and that he has nothing to do with the running of the club

I mean, that's been obvious for 20 years...

 

[yankspurs]

Reading the indictment & the article in the Athletic, this is very, very bad for Spurs. We could be stuck unable to do much of anything for years. The league might have spoke far too soon because nothing is really known yet. The end result here might not actually be ENIC putting the club up for sale, but the Premier League, like they did with Chelsea. The end of the indictment, the forfeiture paragraphs, are key here.

 

[Drink!Drink!]

If Lewis has nothing to do with , and no say in the running of THFC OR ENIC since last year- was that ever mentioned before in THFC or ENIC group announcements or press releases?

And no say in whether to accept offers to buy THFC??

If that is supposed to believed, a little odd if it wasn't.

 

[PrettyColors]

This is the guy who made his fortune by rigging the currency markets to crash the pound on Black Wednesday 30 years ago.

No surprise here.

He's always been a complete and utter scumbag and I don't know why people ever looked at ENIC as the lesser of two evils or anything like that. Lewis is a self-interested soulless rich **** just like the rest of them.

 

[Dunc2610]

Reading the indictment & the article in the Athletic, this is very, very bad for Spurs. We could be stuck unable to do much of anything for years. The league might have spoke far too soon because nothing is really known yet. The end result here might not actually be ENIC putting the club up for sale, but the Premier League, like they did with Chelsea. The end of the indictment, the forfeiture paragraphs, are key here.

Its only bad for Spurs if anyone from Spurs (and it would probably only be Levy), who are implicated in receiving and acting on the passed information. And in that instance it would only be that person not Spurs as a club who will face any punishment.

 

[Metalhead]

Reading the indictment & the article in the Athletic, this is very, very bad for Spurs. We could be stuck unable to do much of anything for years. The league might have spoke far too soon because nothing is really known yet. The end result here might not actually be ENIC putting the club up for sale, but the Premier League, like they did with Chelsea. The end of the indictment, the forfeiture paragraphs, are key here.

On the other hand, you could look at the worst case scenario.

 

[PrettyColors]

Reading the indictment & the article in the Athletic, this is very, very bad for Spurs. We could be stuck unable to do much of anything for years. The league might have spoke far too soon because nothing is really known yet. The end result here might not actually be ENIC putting the club up for sale, but the Premier League, like they did with Chelsea. The end of the indictment, the forfeiture paragraphs, are key here.

Honestly mate I know you work in the financial sector but just because you're yankspurs means I can't really trust anything you say

 

[JamieSpursCommunityUser]

Torturing and executing unfavourable journalists.

Giving illegal stock tips to your pilot.

Both crimes. Do we seriously believe they are ethically comparable?

I haven’t seen anyone say that they are?

It’s simply that the moral high ground is the last bastion of the BSODL, and if they want to share it with Joe Lewis then fine, but many others may not.

We can be anti Levy / ENIC whilst still recognising there is an ethical scale upon which Torture and Murder is at one far end, and Financial crimes (which can cause everyday people real harm) is nearer to the other.

Even financial crimes themselves have varying degrees of severity - which is why we have sentencing in proportion to the damage caused.

The trouble with the internet is 1) outrage has to be turned up to 11 at all times.

If you introduce any perspective or nuance whatsoever you're automatically an apologist for the other side.

Then 2) everything is through a binary lens of Good vs bad. BSODL vs ENIC out.

We then accept / reject the argument based on which "side" is making it, rather than it's own merits.

I am boldly ENIC out right up until it means Murderers in. Then in that choice I'm temporarily ENIC in.

Because one is still quite obviously far better than the other, though I oppose both for very different reasons.

 

[robotsonic]

Reading the indictment & the article in the Athletic, this is very, very bad for Spurs. We could be stuck unable to do much of anything for years. The league might have spoke far too soon because nothing is really known yet. The end result here might not actually be ENIC putting the club up for sale, but the Premier League, like they did with Chelsea. The end of the indictment, the forfeiture paragraphs, are key here.

...so you're saying we'll have all of our debts forgiven?

 

[JamieSpursCommunityUser]

Reading the indictment & the article in the Athletic, this is very, very bad for Spurs. We could be stuck unable to do much of anything for years. The league might have spoke far too soon because nothing is really known yet. The end result here might not actually be ENIC putting the club up for sale, but the Premier League, like they did with Chelsea. The end of the indictment, the forfeiture paragraphs, are key here.

I suspect either the club or Lewis' holdings in ENIC will be sold anyway before this reaches a definite outcome after appeals.

In the meantime...

 

[robotsonic]

The PL definitely don't want to start looking under the bonnet of any clubs given what they've recently waved through, imo

 

[Westmorlandspur]

...so you're saying we'll have all of our debts forgiven?

Reading the indictment & the article in the Athletic, this is very, very bad for Spurs. We could be stuck unable to do much of anything for years. The league might have spoke far too soon because nothing is really known yet. The end result here might not actually be ENIC putting the club up for sale, but the Premier League, like they did with Chelsea. The end of the indictment, the forfeiture paragraphs, are key here.

Prem lge did nothing with Chelsea. The government sanctioned Abramovich. Are you comparing uncle Joe with that Russian gangster.. anyway he’s given himself up in New York .

 

[Entomologist]

Can anyone explain to me like I'm 5 what he's actually done?

You're referencing Jeremy Irons as John Told in Margin Call:

Maybe you could tell me what is going on. And please, speak as you might to a young child. Or a golden retriever. It wasn't brains that brought me here; I assure you that.

 

[mill]

Hopefully Donna was one of the ‘lovers’

 

[Richard Howlett]

Is there any chance we will be stripped of all our titles during the ENIC reign including the Audi Cup, Peace Cup and the big prize - League Cup 2009?

And Tiger Cup

 

[yankspurs]

The SEC's case is now out.

 

[mil1lion]

I imagine Lewis woke up this morning like

 

[Bluto Blutarsky]

The SEC's case is now out.

Can you say Sugar Daddy:

15. Joseph C. Lewis, age 86, is a British citizen who resides principally in The
Bahamas. He is the ultimate majority owner of the Fund, and is the sole indirect owner, president, and a director of the Fund’s manager, “Fund Management Inc.”

16. Carolyn W. Carter, age 33, is a U.S. citizen who resides in the U.S. Virgin Islands. Carter and Lewis were in a romantic relationship from approximately 2013 to 2020.

 

[ItsBoris]

I hope this means that corrupt testicle-face motherfucker sells us off to the Qataris

 

[ItsBoris]

I mean the words right after this are: "our owner is less morally corrupt and less of a crook than your's"

So it doesn't equate it at all, I'm literally saying that Joe Lewis is less morally corrupt than Qatar (i'm not sure there's ever been take over interest from Saudi has there?).

Are they both morally corrupt - yep, but as I've said - less so than Qatar etc..

But that's a fair point, i'll rephrase that to an amended:

So we really don't have much of a moral high ground from which to preach right now. "our owner is less morally corrupt and less of a crook than your's" - doesn't really have much of a ring to it.

I’m not sure that it’s a case of less or more, but rather different kinds of moral corruption. And anyway if a guy like Lewis was in the Saudis shoes do you really think he’d be any different than they are. Probably would be worse actually