Finance Expert details Tottenham ramifications as Joe Lewis pleads guilty to insider trading
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Tottenham...
Dan Plumley has shared that there are no real issues – other than bad publicity – for Tottenham after former owner Joe Lewis pleaded guilty to insider trading on Wednesday 24 January.
Bloomberg shared the news from Manhattan after Lewis passed information to his private pilots and girlfriend, admitting he is now embarrassed.
The finance expert shared that the Premier League felt no need to take action against Spurs over the initial charges, with negative PR likely the only implication against the club at this moment in time.
“From a Spurs perspective, there’s no real issue,” he exclusively told Tottenham News.
“The Premier League signed off on him stepping down from Spurs in Oct 2022 and did not feel the need to take action against Spurs in response to the charges brought in July 2023.
“People will still make the link between him and Spurs of course so maybe a bit of negative PR likely in that regard from a past connection point of view but can’t see any real implications for the club based on what we can see.“
Lewis stepped back from his role at Tottenham back on October 5, 2022 with the Premier League board also signing off on that at the time [The Guardian].
Spurs worked hard to distance themselves from the case, something which they described at the time as unconnected with the club.
In other Tottenham news, Plumley has also explored how Spurs have jumped ahead of Manchester United
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