A dramatic development on Tuesday night saw Tottenham Hotspur's majority owner Joe Lewis charged in the US with 'brazen' insider trading.
The British billionaire has been accused by federal prosecutors of passing on inside information 'as a way to compensate his employees or shower gifts on his friends and lovers'.
Lewis faces more than a dozen charges, including securities fraud, while he is also alleged to have loaned money to the people he is accused of tipping off.
The 86-year-old’s Lewis' lawyers - Skadden, Arps, Slate, Meagher & Flom – have responded by insisting they would defend him 'vigorously' against the 'ill-conceived' charges.