Tottenham have been preparing for a fresh start in 2023 under new head coach Ange Postecoglou, who has been tasked with restoring the club as a top-four challenger in the Premier League following tough spells under Jose Mourinho and Antonio Conte.
However, Spurs' preseason has now come under something of a cloud following news that owner Joe Lewis has been charged with insider trading.
Federal prosecutors in Manhattan have accused the billionaire of passing non-public information to friends and associates for them to trade on. He is also accused of conspiring to hide a stage in a pharmaceutical company.
According to the New York Times, a lawyer for Lewis said his client had gone to the United States to contest the charges, saying prosecutors had "made an egregious error in judgment in charging Mr. Lewis, an 86-year-old man of impeccable integrity and prodigious accomplishment".
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Tottenham's majority shareholder is the English National Investment Company (ENIC) headed up by British businessman Joe Lewis.
ENIC initially acquired a majority 29 per cent stake in the club in 1991, following a purchase from former owner Sir Alan Sugar, for an estimated £22 million ($27m).
Following an assessment period by ENIC, they continued to buy up shares in the club, over the following decade, before buying Sugar's remaining 12% in 2007 for £22m ($27m).
At the start of 2021, ENIC held around 85% of the overall share capital of the club, with the remainder held by thousands of minor investors, as part of a drive to retain fan influence within the club structure.
Joe Lewis is a British billionaire who made his initial wealth through selling his father's old catering business in London, which Lewis had expanded
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