American rapper and Arsenal fan, Jay-Z, is rumored to be planning a £2.2 billion takeover bid for Premier League club Tottenham Hotspur.
The potential acquisition comes at a critical moment for the club’s current majority shareholder, 86-year-old billionaire Joe Lewis, who recently faced insider trading charges in the United States.
According to reports, Jay-Z, renowned for his success in the music industry and his joint-ownership of NBA team Brooklyn Nets, has accumulated a personal net worth of £1.95 billion.
The ties between Jay-Z and Tottenham deepened when Beyoncé headlined a series of concerts at the club’s stadium during the summer, further fueling speculation about the rapper’s interest in football and Premier League ownership.
A business associate close to Jay-Z revealed that he envisions a controlling interest at the board level of a top football club, given the global appeal and reach of a club like Tottenham.
Several other Premier League giants, including Manchester United, Liverpool, and Chelsea, already boast American ownership, making the move for Jay-Z seem increasingly plausible.
Back in 13 years ago, Jay-Z had expressed interest in investing in another London club, Arsenal, but his efforts were unsuccessful at the time.
He had stated that he didn’t know much about the soccer business but remained open to the right opportunity in the future.