Hov is now targeting ownership in a major soccer franchise. JAY-Z is looking to purchase the Tottenham Hotspur soccer team from British billionaire Joe Lewis, who is currently facing 16 counts of securities fraud and three counts of conspiracy. Lewis was arraigned in Manhattan Federal Court on Wednesday for his insider trading tips. Lewis was released on $300 million bond, in which he placed a yacht and private aircraft for collateral. He must now remain in the United States.Hov, who will look to acquire the soccer franchise if Lewis is convicted. Hov is reportedly “preparing an audacious bid” to buy the team. Hov would be joined by a “group of American investors” who would be able to acquire the Premier League team.
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