Jay-Z on monitor for Spurs swoop as he admits he is an enormous fan of the group

Music mogul Jay-Z is getting ready to bid for Tottenham Hotspur if the membership’s proprietor is convicted of fraud and insider buying and selling, aa shut enterprise affiliate has advised Daily Express US.

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The rap icon, 53, who's value in extra of £1.95billion, is backed by a gaggle of US traders who're ready within the wings to study the destiny of Spurs supremo Joe Lewis.

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The transfer comes 13 years after Jay-Z expressed curiosity in turning into a significant investor in North London rivals Arsenal.

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He revealed he had grow to be an enormous fan of the group then led by his favorite participant, Thierry Henry.

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That bid fell flat – however Jay-Z, already a joint-owner of high NBA basketball group New Jersey Nets, insisted on the time: “I don’t know a lot about the business of soccer but in future, if the right opportunity presented itself, then who knows?”

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His affiliate mentioned the hip-hop billionaire, whose spouse Beyoncé has a private fortune estimated at £420million, continues to be – within the phrases of their hit – Crazy in Love with England’s “beautiful game”.

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They mentioned: “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.

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“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.” Spurs’ estimated market worth has risen barely this 12 months to £2.18billion – a sum effectively inside attain for Jay-Z, whose actual identify is Shawn Carter.

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

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Mr Lewis, 86, who was born above a pub in East London and amassed a fortune of greater than £5billion from foreign money buying and selling, appeared in a New York court docket final week to disclaim 16 counts of securities fraud and three additional conspiracy fees referring to alleged “insider trading” offences between 2013 and 2021.

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The fees every carry a most sentence of between 5 and 25 years in jail.

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US lawyer Damian Williams advised the court docket: “He used inside information as a way to compensate his employees or shower gifts on his friends and lovers.”

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Mr Lewis was launched on bail and is more likely to face trial later this 12 months.

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Spokespeople for him and for Jay-Z declined to touch upon the way forward for Spurs’ possession.

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