JAY-Z has always had an affinity for sports. Hov is now targeting ownership in a major soccer franchise.


Visit streaming.thesource.com for more information

According to Football365, JAY-Z is looking to purchase the Tottenham Hotspur soccer team from British billionaire Joe Lewis, who is currently facing 16 counts of securities fraud and three counts of conspiracy. Lewis was arraigned in Manhattan Federal Court on Wednesday for his insider trading tips.

Lewis was released on $300 million bond, in which he placed a yacht and private aircraft for collateral. He must now remain in the United States.

Advertisement

Enter Hov, who will look to acquire the soccer franchise if Lewis is convicted. Hov is reportedly “preparing an audacious bid” to buy the team. Hov would be joined by a “group of American investors” who would be able to acquire the Premier League team.

“More than a few of the very top clubs there – like Manchester United, Liverpool and Chelsea – are now under US ownership and Jay would jump at the chance of a controlling interest at board level somewhere with the global reach of Spurs,” a source close to Hov said.

About The Author

Senior Editor

Shawn Grant is a Chicago native and the Senior Editor of The Source Magazine. He can only be found on Instagram and Twitter at @shawnxgrant.

Related Posts