Jay-Z reportedly plans an audacious bid to amass the celebrated Premiere League membership, Tottenham Hotspur. The way forward for the London giants hangs in uncertainty after their present proprietor, 86-year-old Joe Lewis, just lately confronted insider buying and selling and safety fraud prices. With a market worth of $2.8 billion, the rap icon and music mogul, value $2.5 billion, believes that buying the sports activities membership is inside attain, particularly with the assist of fellow traders.
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Jay-Z’s curiosity in Tottenham Hotspur is an surprising twist in his sports activities possession journey. 13 years in the past, he expressed his need to turn into a serious investor within the membership’s arch-rivals, Arsenal, attributable to his admiration for the crew’s former star participant, Thierry Henry.
The bid comes at an important time for Tottenham as their present proprietor, Joe Lewis, faces securities fraud and insider buying and selling prices, probably leading to a hefty jail sentence. Lewis, a self-made billionaire with over $6 billion internet value, allegedly used insider info to counterpoint his staff and associates.
Regardless of the continued authorized troubles, Jay-Z stays optimistic about buying Tottenham Hotspur. In accordance with a detailed enterprise affiliate, the Roc Nation founder desires to be ready to behave swiftly if the chance arises and the worth is correct.
Whereas Jay-Z’s entry into the world of soccer possession might come as a shock, it’s not his first foray into the sports activities business. His sports activities administration division, Roc Nation Sports activities, just lately partnered strategically with Italy’s Serie A soccer league.
This collaboration goals to broaden the Serie A model in North America and solidify Roc Nation’s place as a big participant in sports activities administration.
To additional illustrate Jay’s increasing presence within the sports activities business, his Roc Nation Sports activities division has partnered with Italy’s Serie A soccer league additional as an example Jay’s increasing presence within the sports activities business.
Equally, Memphis rapper and CMG label founder Yo Gotti just lately joined the ranks of movie star sports activities crew homeowners. Gotti grew to become a co-owner of the Main League soccer crew, D.C. United. Gotti proudly flaunted his success along with his new enterprise, showcasing an iced-out D.C. chain.
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