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Inside the luxury Bahamas resort Joe Lewis co-own with Tiger Woods and Justin Timberlake

talksport.com, 26 July 2023, 15:02
"People don't realise how wealthy the owner of Tottenham is, he's up there with one of the richest men in the world."

That's what Harry Redknapp told talkSPORT in 2021 about Joe Lewis, the former owner of Spurs who very much stays out of the limelight.

Redknapp wasn't wrong… according to The Sunday Times, Lewis is the 39th richest person in the world with an estimated wealth of £5.096billion.

The 86-year-old is rarely seen at the Tottenham Hotspur Stadium with Daniel Levy instead being the more recognisable senior figure at the club.

He instead spends most of his time in the Bahamas or on his super yacht, Aviva.

It is in the Bahamas that Lewis co-owns a luxury 600-acre private resort, called Albany, with Tiger Woods, Ernie Els and Justin Timberlake.

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The resort has a private beach, three swimming pools, exclusive restaurants and a golf course designed by Els himself.

It has been the holiday destination of choice for Harry Kane… even during periods where he was trying to force a move away from Tottenham.

Lewis' £113m superyacht is where he reportedly spends most of his time.

It is 321-feet long, features a full-size tennis court and can house up to 16 guests.

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He invited the Tottenham team aboard his yacht in 2013, with then captain Michael Dawson saying: "I had never met him before, so it was nice to go over there and a great experience.

"What a really nice guy. And that yacht is unreal! But he's just a normal guy. You could chat to him about anything.

"He tunes into all the games, he loves it. We just sat there chatting. He made us feel so welcome over there. It was relaxed. A lot of team-bonding together."

Lewis seldom travels to London to watch Spurs.

The founder and primary investor of Bahamas-based investment firm Tavistock Group, he purchased a controlling stake in the club from Lord Alan Sugar in 2001 for £22m.

According to Companies House, Lewis officially ceded control of the club last year, with Bahamian lawyer Bryan A Glinton replacing him as a director.

His stake in the club - which he held through the ENIC Group alongside chairman Daniel Levy - was formally handed to a family trust last year.

Family members of Lewis remain beneficiaries of the trust.

Lewis grew up in humble surroundings in the East End of London, leaving school at 15 to work in his family's cafe as a waiter.

He then went on to open restaurants, launch the career of The Nolans and also gave Robert Earl - the founder of Planet Hollywood - his first job.

That business was sold in 1979 for £30m and he moved to the Bahamas.

Currency trading saw Lewis amass the majority of his early fortune and he benefited hugely on the events of 'Black Wednesday' - the sterling crisis in September 1992 which was caused by the British government withdrawing currency from the European Exchange Rate Mechanism - which Lewis had backed would occur.

On Tuesday night, Lewis was indicted 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: "Today I'm announcing that my office, the Southern District of New York, has indicted Joe Lewis, the British billionaire, for orchestrating a brazen insider trading scheme.

"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.

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"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."

He has since surrendered to US authorities and is expected in court.

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