Tottenham distance themselves from Joe Lewis after insider trading charges

Bahamas-based billionaire bailed on 19-count indictment in US

Tottenham Hotspur owner Joe Lewis (left) in the stands with chairman Daniel Levy (right). Tottenham owner Joe Lewis has been indicted in New York for orchestrating a brazen insider trading scheme, a US attorney said. 

Tottenham have sought to make it plain that Joe Lewis is no longer the owner of the club after he was charged on Tuesday with insider trading by US federal prosecutors.

The 86-year-old Bahamas-based billionaire, who faces a 19-count indictment – 16 counts of securities fraud; three counts of conspiracy – was bailed by a judge in New York on Wednesday after pleading not guilty to charges of giving insider trading tips.