Joe Lewis, 86, pleaded not guilty to 16 counts of securities fraud and three charges of conspiracy when he appeared at Manhattan District Court.

Joe Lewis, the billionaire owner of the family trust that controls Tottenham Hotspur, has denied charges of insider trading in a court appearance in New York. Lewis, 86, faces 16 counts of securities fraud and three charges of conspiracy, allegations that he used confidential information to make significant profits in the stock market.

Appearing at Manhattan District Court, Lewis entered a not guilty plea to all charges. Prosecutors allege that Lewis passed inside information to a network of associates, who then used it to trade in advance of market-moving events. The charges, if proven, could carry serious legal consequences for the businessman, who is known for his investments across various sectors.

Lewis is a significant figure in the world of sports, with his family trust holding a controlling stake in Premier League club Tottenham Hotspur. His denial of the charges sets the stage for a lengthy legal battle, as he maintains his innocence against the claims.

The case has drawn attention due to the high profile of the defendant and the implications for corporate governance and insider trading regulations. Lewis is expected to continue his legal defence in the coming months as the trial progresses.