The Premier League are not planning to take action against Tottenham after Joe Lewis was sensationally charged with insider trading by a US district attorney on Tuesday evening as the reclusive billionaire does not technically own the club.
A conviction for corruption would put Lewis in breach of the Premier League's owners and directors test, but the 86-year-old is no longer a person of significant control at Tottenham after he transferred his shares to members of the Lewis Family Trust last year.
In an update issued by Companies House on 5 October Tottenham revealed that two little known Bahamas-based lawyers, Bryan Antoine Glinton and Katie Louise Booth, had been appointed as 'persons with significant control' of the club.