Joe Lewis Sentenced to Probation, Fined $5M for Insider Trading

The former Tottenham owner avoids jail time but faces significant financial penalties for his role in an insider trading scheme.

Joe Lewis, the former owner of Tottenham Hotspur, has been sentenced to three years' probation and fined $5 million for insider trading.
The 87-year-old billionaire pleaded guilty to sharing illegal stock tips with friends, romantic partners, and two of his private pilots, allowing them to make millions.
Prosecutors recommended leniency due to Lewis's age, health issues, and his voluntary return to the US to face charges.
Lewis's company, Broad Bay Limited, also agreed to a $50 million fine as part of a plea deal with prosecutors.
The sentencing is not expected to impact Tottenham Hotspur, as Lewis no longer has significant control over the club.