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Tottenham tycoon Joe Lewis gets his ally a seat on pub group M&B's board

JOE Lewis, the Bahamas based billionaire who controls football club Tottenham Hotspur, yesterday won his battle to gain a seat on the board of pub group Mitchells &amp; Butler (M&amp;B).<br /><br />Lewis has appointed Richard McGuire, a former Citigroup investment banker, as a non-executive on the board after passing the stake threshold needed for a board seat.<br /><br />Lewis, through his investment vehicle Piedmont, has raised his stake to 23 per cent stake in the pub group which owns high street chains All Bar One. McGuire&rsquo;s job is believed to be pushing Lewis&rsquo;s interests which could include breaking up the company, giving rise to speculation that Lewis could make a bid for M&amp;B.<br /><br />The pub group agreed with Piedmont that it could appoint two non-executive directors when its interest exceeded 22 per cent. It is thought that Lewis may team up with John Magnier and JP McManus &mdash; the Irish racing tycoons who have 16 per cent of the stock &mdash; to push for a board shake-up. The pub group recently parted ways with its chief executive Tim Clarke. Acting boss Adam Fowle is now a favourite for the top job after confirming he has had interviews for the position.<br /><br />M&amp;B yesterday reported like-for-like sales up 1.7 per cent in the 8 weeks to July 11. Like-for-like drink sales were up 3.2 per with food sales rising 2 per cent.