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Joe Lewis, the billionaire owner of Tottenham Hotspur, has been indicted in the US on charges of insider trading. Lewis has been accused of “abusing his access to corporate boardrooms” to provide information to lovers, friends and even his private pilots. Lewis has denied the charges. In a statement, his lawyers said they would “vigorously fight” to clear his name. Who is Joe Lewis and how did he make his money? Lewis made his fortune primarily in foreign exchange and investment. He is ranked 39th among the UK’s wealthiest people, according to the Sunday Times Rich List, with a net worth of £5bn. Born in the East End of London in 1937, Lewis left school at 15 to work for his father’s catering company. He took over and rapidly expanded the business into a series of themed restaurants aimed at tourists, before selling in 1979, giving him more money to invest in his new venture, currency trading. Lewis gave Robert Earl, who later founded Hard Rock and Planet Hollywood, his first job. He was ferociously successful at working the currency markets during the 1980s and 1990s, notably betting that Britain would be forced to exit the European Monetary System, which it did in September 1992 amid the ‘Black Wednesday’ financial crisis. He earned the nickname The Boxer, a reference both to his power in the investment ring and his legendary almost namesake, Joe Louis. But he endured bruising defeats too, and lost $1bn – then a third of his fortune – in a single day when the American bank Bear Stearns collapsed at the start of the 2008 financial crisis. His $1.2bn stake was reduced to $22m in a matter of hours. Lewis owns the Tavistock Group, first set up in 1975 and now one of the most renowned and powerful private equity organisations in the world. He founded the business in the Bahamas to escape UK tax laws. Along with his Bahamian mansion, Lewis owns a ranch in Argentina (which has caused conflict with local residents), multiple homes in Florida and more property across the world. The 86-year-old is married to his long-term secretary Jane, and has two children by his first wife, Esther Browne. His son Charles lives in Argentina and is largely disconnected from the family business, but his daughter Vivienne is heavily involved. She serves on Tavistock’s board of directors and is president of the prestigious Isleworth Golf and Country Club in Florida, which Lewis owns. He has a waterfront mansion on the 600-acre Isleworth property, which is surrounded by heavy security. Lewis almost never makes public statements or conducts media interviews. Lewis loves golf, and counts Tiger Woods not only as a close friend and neighbour but also a business partner. Together they embarked on a 600-acre luxury resort called Albany on New Providence Island in the Bahamas, alongside fellow golfer Ernie Els and the singer Justin Timberlake. Albany features a mega-yacht marina, lavish villas and a championship golf course which hosts Tiger Woods’ invitational tournament, the Hero World Challenge. What has Lewis spent his fortune on? Lewis has a diverse portfolio of investments all over the world, including luxury resorts in the Americas, property in Bulgaria and even an Australian agriculture company. The development arm of Tavistock is building a 17 square-mile community at Lake Nona near Orlando, Florida, where Disney is to move its headquarters. He owns a superyacht called Aviva, which is 98m long and took three years to build. It’s most striking feature is an indoor paddle tennis court, Lewis’s daily activity, at the heart of the boat. His wardrobe is particularly decadent, described by designer Andrew Langton as “bigger than my house in France”. Lewis owns one of the most expensive private art collections in the world, including original works by Picasso and Matisse, many of which are aboard Aviva. Through Tavistock, via the ENIC Group, Lewis also owns Tottenham Hotspur. He bought 29.9% of Tottenham in 1991, and increased his stake to a majority holding in February 2001, buying out most of Lord Sugar’s shares. Despite appearing to have little interest in football, rarely showing up at Tottenham’s training ground or matches, Lewis has invested in a number of clubs including Rangers – supposedly encouraged by his former neighbour in the Bahamas, Sean Connery – and Slavia Prague. After 21 years in charge of Tottenham, Lewis is the Premier League’s longest-serving owner. The club have since moved into a world-leading stadium and reached the Champions League final in 2019, but they have won only one trophy during Lewis’s ownership and his man in charge – Spurs chairman Daniel Levy – is under increasing pressure to deliver results on the pitch. The charges brought against Lewis could disqualify him from owning Spurs under Premier League rules, should he be found guilty. What has he been charged with? Lewis has been indicted in New York for “orchestrating a brazen insider trading scheme”. Damian Williams, the US attorney for the Southern District of New York, said in a video released by his office: “We allege that for years Joe Lewis abused his access to corporate boardrooms and repeatedly provided inside information to his romantic partners, his personal assistants, his private pilots and his friends. “Those folks then traded on that inside information and made millions of dollars in the stock market, because thanks to Lewis those bets were a sure thing.” Williams described Lewis’s behaviour as “classic corporate corruption”. He said: “Now, none of this was necessary. Joe Lewis is a wealthy man. But as we allege, he used inside information as a way to compensate his employees or to shower gifts on his friends and lovers... It’s cheating, and it’s against the law. Laws that apply to everyone, no matter who you are. That’s why Joe Lewis has been indicted and will face justice here in the Southern District of New York.” A Tottenham club spokesperson said: “This is a legal matter unconnected with the club and as such we have no comment.” Read More Billionaire and Tottenham Hotspur owner Joe Lewis indicted in US for ‘brazen insider trading’

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Manchester City are celebrating another Premier League title but their season is far from done as they also target FA Cup and Champions League success. Here, the PA news agency looks at their plans for their coming weeks. How will Pep Guardiola approach their final two Premier League games? With the Premier League title race over, City can afford to ease up for their two remaining league games – away to Brighton and Brentford – before switching attention to their two finals. The line-up for Sunday’s dead rubber against Chelsea, when manager Guardiola named most of his big guns on the bench, showed he intends to lighten his star names’ load. Yet there is also a need to keep players sharp and prevent rustiness. There may be a clue to his thinking in the line-ups for the two Premier League games immediately prior to the Champions League semi-final first leg against Real Madrid. In those matches, against West Ham and Leeds, Guardiola gave all his starting XI against Madrid game time but only one – Erling Haaland – started both. We could see a similar approach with half the first-choice side starting the first game, and the other half the second. Are there any injury concerns? City have had a good season in terms of squad fitness with relatively few injuries. Defender Nathan Ake is currently their only sidelined player with a hamstring problem. The Netherlands international has enjoyed a fine campaign but time is short. He may need to get some action against either Brighton or Brentford to have a chance of starting against Manchester United at Wembley or Inter Milan in Istanbul. What will the approach to the finals from City be? Obviously it is hard to make predictions but it is notable that Guardiola named the same side for City’s three biggest games of recent weeks – the crunch Premier League clash with Arsenal and both legs against Real Madrid. With performance levels in those games outstanding, it would appear he has found his ideal big-match XI. There could be some room for deviation in the FA Cup – for instance Stefan Ortega has been the regular domestic cup starting keeper and Riyad Mahrez’s semi-final hat-trick may earn him another outing – but the side for Istanbul would seem at least pencilled in. Can Manchester United stop City winning the treble? United’s fans may view their own team as the best hope of stopping City emulating their famous 1999 treble. City will be firm favourites to win both finals but Manchester derbies can be unpredictable. City thrashed their neighbours 6-3 in October but United got revenge when they met again at Old Trafford in January. There was some controversy over United’s equaliser in the 2-1 win but the Red Devils proved they can compete with City on a given day. City, of course, have hit their stride since and United’s mid-season charge has slowed, but Erik ten Hag’s team can shine on a one-off occasion. Do Inter pose a threat to City? After thrashing Madrid in the previous round, City seem destined to finally claim the Champions League prize this term. It is difficult to see Inter, currently the fourth best team in Serie A, containing them. Yet the Italians are defensively strong and do pose a threat through the likes of Romelu Lukaku, Lautaro Martinez and former City striker Edin Dzeko, so they may have a puncher’s chance. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live I have lived an absolute dream – Mark Cavendish sets date for cycling retirement Mark Cavendish: The journey from ‘fat banker’ to cycling’s greatest sprinter Mark Cavendish to retire from cycling at the end of the year

When word came through that Kylian Mbappe was available this summer, Manchester United were surprisingly quick to insist they weren’t interested. The Old Trafford club are actively looking for a forward and are one of very few clubs that could afford the 24-year-old’s fee and wages. It has been insisted to The Independent that the United hierarchy are similarly willing to make separate funds available for Harry Kane should he become buyable, so they would surely see the commercial logic in securing Mbappe. Instead, they have no current interest this summer and don’t see that changing. It was similar with Arsenal, especially as their budget isn’t as big as United’s. This is one of many contradictions to Mbappe’s career that has left both Paris Saint-Germain and the player’s camp considering a world-record offer from Al Hilal in the Saudi Pro League. It is difficult not to think it would be a waste; a needless squandering of a football great’s limited years in his physical prime, even if it is only for a season. This is not to besmirch the Saudi Pro League itself, before you even get to all of the other debates about how it is used politically by Mohammed Bin Salman. That is another warranted discussion in this, in how Mbappe himself would be politically used. This is not too much different from Qatar's ownership of PSG now. It is more that he would be outside Europe, outside the Champions League. The Saudi Pro League is aiming to be the second-best in the world after the Premier League, but it is clearly nowhere near there yet. It may have attracted a lot of headlines for its transfer business this summer, but it’s going to take a long time for that to translate into an actual audience. The legacy just isn’t there. The executives of one major broadcaster already confided this summer they would have no interest in paying for rights. The Saudi Pro League is still a football backwater, if a lucrative one. And yet it could well play host to a prime season for one of the greatest footballers who ever lived. If that currently feels like an exaggeration given Mbappe’s career so far, it is how he is looking at things, and it plays into this contradiction. While many footballers aren’t too bothered about the history of the sport, that isn’t the case with the 24-year-old. Mbappe is one of those obsessed with the lore of the game, and has consequently become obsessed with his own legacy within it. Those who know him say he was more anguished than most realised to lose the World Cup final in December, because that would have meant equalling Pele in winning his first two finals. This is how he sees his career. It is also why a move to Arsenal appeals, since he likes the idea of delivering such a great football institution to their first title in 20 years. The same outlook explains his ultimate ambition to become one of Real Madrid’s great names, alongside Alfredo Di Stefano and his boyhood idol Cristiano Ronaldo. He could instead play against the Portuguese for a season in Saudi Arabia, just when they were supposed to be going in opposite directions – and even if it is en route to Madrid. Ronaldo would not have even considered that at the same age. It could well end up ‘Mbappe: the lost year’, no matter what he wins. Many in football would say that already applies to his time at PSG, mind. The Qatari sportswashing project are so likely to win the French league every season that it isn’t really seen as a proper feat and barely has much of a global audience. It also means such a great player only features in about eight consequential fixtures a season. If even that. All of this as Erling Haaland has made himself a global megastar in the Premier League, scoring in front of a TV audience of hundreds of millions every week. Mbappe must surely envy that. In some ways, though, it isn’t a contradiction at all. That is for the same reason it just wouldn’t have been a consideration for Ronaldo. The game is very different than it was even in 2009. That point in its history was still the end period of an era where there was a remaining vitality to the European game. Clubs of genuine legacy and stature such as Lazio, Parma, Valencia and Borussia Dortmund would have at minimum been in the same financial sphere as one of the best players in the world, and at least offered him an option. It was only a decade before that point that Real Betis broke the world transfer record. This was a period where people could genuinely talk of the “big five” leagues. That description is now an irrelevance. The economic evolution of the game has meant it is now just the Premier League and a handful of other clubs in western Europe. They have just been buttressed by what is essentially a state competition in the Saudi Pro League, that in many cases offers a necessary financial counterbalance. This is the true cost of a Champions League that is itself becoming a closed shop and a Premier League that is becoming a Super League. This is what the global audience wants to see. And, without any checks or balances from football’s authorities, it could well mean not even getting to watch Mbappe for a prime season. A final contradiction is that the Saudi Pro League may further fall into this. For all the necessary sportswashing criticisms of the competition, the other side of it is that the country’s sporting authorities are legitimately trying to build a sustainable – if super-funded – league. They want it to become the next best league after the Premier League, and the plan was to go from great old names like Ronaldo to that next tier of good quality players like Ruben Neves in order to offer that substance. That has happened quickly but Mbappe would represent a drastic acceleration. Maybe too quickly. As excited as Al Hilal have been about the prospect of the signing in the weeks they have sounded it out, that isn’t quite shared within the rest of the Saudi Pro League. There is an argument it would look bad if he just departed for Madrid after a season, and that it would then leave a vacuum. The league would already be looking to constantly catch up with one season it had. And what a season it might be for Mbappe, even if one argument within his camp that these years will mean his career will be able to go on for longer. It is not like he has been suffering the physical rigours of the Premier League in his early twenties. It may all play into him becoming a Real Madrid legend, in exactly the way he wants. It might just play into something bigger too. Read More Kylian Mbappe’s Al Hilal transfer could spark chain reaction affecting every top club in Europe World-record bid made for Kylian Mbappe as PSG exit looms PSG attempting to hijack Bayern Munich’s bid to sign Harry Kane Erik ten Hag says Manchester United are making progress in striker search Premier League chief ‘not too concerned at moment’ about Saudi Arabia rise Football rumours: Premier League clubs scramble for Kylian Mbappe