EPL: Jay Z interested in £2 billion takeover of Tottenham

According to reports, American musician and tycoon Jay Z plans to acquire Tottenham for a staggering £2.2 billion.

Following his arrest in the US, the club’s British owner Joe Lewis entered a not-guilty plea to insider trading allegations.

Lewis was freed after posting a $300,000,000 bond that was backed up by his yacht and private jet.

According to a story in the American newspaper Daily Express US, Jay Z is getting ready to make an offer for Tottenham Hotspur if the club’s owner is found guilty of fraud and insider trading.

A group of US investors, who are anxiously awaiting news of the fate of Spurs manager Joe Lewis, support the 53-year-old rap icon, who has a net worth of more than £1.95 billion.

The move comes 13 years after Jay Z expressed interest in becoming a major investor in North London rivals Arsenal. He said at the time that he was a huge fan of the team then led by his favourite player, Thierry Henry.

That bid fell flat but Jay Z, already a joint-owner of top NBA basketball team New Jersey Nets said;

“I don’t know a lot about the business of soccer but in future, if the right opportunity presented itself, then who knows?”

His associate has said that the hip-hop billionaire whose wife Beyoncé has a personal fortune estimated at £420million, is still in love with England’s “beautiful game”.

He told Daily Express;

“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.

“It remains to be seen whether Mr Lewis will walk away free. If he doesn’t, Jay has said he wants to be in a position to move quickly if he feels the price is right.

“He believes this is achievable, especially with the backing of fellow investors.”