Jay-Z reportedly plans an audacious bid to acquire the prestigious Premiere League club, Tottenham Hotspur. The future of the London giants hangs in uncertainty after their current owner, 86-year-old Joe Lewis, recently faced insider trading and security fraud charges. With a market value of $2.8 billion, the rap icon and music mogul, worth $2.5 billion, believes that acquiring the sports club is within reach, especially with the support of fellow investors.

99 Views

Jay-Z’s interest in Tottenham Hotspur is an unexpected twist in his sports ownership journey. Thirteen years ago, he expressed his desire to become a major investor in the club’s arch-rivals, Arsenal, due to his admiration for the team’s former star player, Thierry Henry.

The bid comes at a crucial time for Tottenham as their current owner, Joe Lewis, faces securities fraud and insider trading charges, potentially resulting in a hefty prison sentence. Lewis, a self-made billionaire with over $6 billion net worth, allegedly used insider information to enrich his employees and associates.

Despite the ongoing legal troubles, Jay-Z remains optimistic about acquiring Tottenham Hotspur. According to a close business associate, the Roc Nation founder wants to be prepared to act swiftly if the opportunity arises and the price is right.

While Jay-Z’s entry into the world of soccer ownership may come as a surprise, it is not his first foray into the sports industry. His sports management division, Roc Nation Sports, recently partnered strategically with Italy’s Serie A soccer league. 

This collaboration aims to expand the Serie A brand in North America and solidify Roc Nation’s position as a significant player in sports management.

To further illustrate Jay’s expanding presence in the sports industry, his Roc Nation Sports division has partnered with Italy’s Serie A soccer league further to illustrate Jay’s expanding presence in the sports industry. 

Similarly, Memphis rapper and CMG label founder Yo Gotti recently joined the ranks of celebrity sports team owners. Gotti became a co-owner of the Major League soccer team, D.C. United. Gotti proudly flaunted his success with his new venture, showcasing an iced-out D.C. chain.