Grammy Award winner Jay-Z is reportedly eyeing the opportunity to buy Tottenham Hotspur FC, as British billionaire Joe Lewis, the current owner, faces legal challenges in the United States. Lewis, who owns the football club through his family trust, has been granted bail after pleading not guilty to insider trading and security fraud charges. The 86-year-old could potentially face prison time and heavy fines, leading to the need to relinquish ownership of the North London club.
An associate of Jay-Z revealed that the rapper is keen on securing a controlling interest at the board level in a club like Spurs, given the global reach of the team. Some of the top football clubs in England, including Manchester United, Liverpool, and Chelsea, are already under US ownership, which has sparked Jay-Z's interest. The estimated market value of Tottenham Hotspur FC currently stands at an impressive $2.8 billion (£2.18 billion) this year.
This is not the first time Jay-Z has shown interest in owning a London football club. In 2010, he expressed a desire to be a major investor in Arsenal, but the opportunity didn't materialize. Jay-Z's Roc Nation brand has also recently entered into a strategic partnership with Italy's Serie A, aiming to boost the league's profile in North America.
In the entertainment world, Jay-Z's wife, Beyoncé, recently delivered five sold-out performances at the Tottenham Hotspur stadium. Meanwhile, Jay-Z himself opened a new exhibition at the Brooklyn Public Library, showcasing archival items related to his legendary career as a rapper, businessman, and philanthropist. Earlier this year, Jay-Z became the sole rapper to appear on Forbes' Billionaires list after Kanye West's deal with Adidas was terminated in 2022.
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