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Investing.com -- England’s Football Association previously investigated allegations that billionaire Joe Lewis, the former owner of Tottenham Hotspur, was potentially involved in betting on football matches, Bloomberg reports.
The FA was alerted to a possible violation of its betting rules in 2022, according to Bloomberg, citing people familiar with the situation who asked not to be identified. After examining the allegations, the FA determined that no further action was necessary.
FA regulations prohibit club owners and players from directly betting on any football matches. Lewis transferred his majority stake in Tottenham to the Lewis Family Trust in October 2022, a move that meant he was no longer considered an owner of the club and therefore not subject to the FA’s betting regulations afterward.
When Lewis transferred his shares to the family trust, the Premier League conducted a review of the club’s new directors. During this process, one potential board member proposed by Lewis’ trust was advised by the Premier League not to apply due to his close relationship with Lewis.
This situation emerges as sports organizations worldwide grapple with betting-related challenges. The FA has implemented strict measures against players betting on games, while in the United States, several NBA players have faced indictments over accusations of manipulating in-game bets.
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