Billionaire former owner of UK soccer club evades prison time on insider trading conviction

MANHATTAN (CN) - Joe Lewis, British billionaire investor and former owner of the Tottenham Hotspur soccer club, was sentenced in New York federal court on Thursday afternoon to three years of probation for tipping confidential business information to his inner circle.

Lewis originally pleaded not guilty to securities-fraud charges. Instead of any serving any time behind bars, the aging 87-year-old billionair