Earick Rejects Spurs Takeover Bid Following Expression of Interest
The former chairman oversaw Spurs' transition to the Tottenham Hotspur Stadium in recent years.
Innovative business leader Brooklyn Earick has dismissed submitting an official acquisition offer for Tottenham.
The club had earlier “unequivocally rejected” an preliminary inquiry from a syndicate led by the American last month and maintained the club was off the market.
But UK takeover and merger rules required that, after an initial approach rejected, the group were obligated to present a formal offer by 24 October or announce they would refrain.
Official word of the determination was issued in a statement issued by Tottenham to the financial markets, stating the team is “no longer in an takeover phase.”
Earick shared an picture of the release on social media, remarking: “I've had a pleasure discussing with the club and the owners' agents over the past few weeks.
“I hold high regard for the organization, its executives, and its followers, and hope for nothing but success.”
Tottenham's directors expressed gratitude to the consortium for its “positive engagement” in discussions and for “acknowledging the definitive view” of the owners that the club is off the market.
Brooklyn Earick is a one-time music presenter who also was employed in spacecraft research for the space agency before creating his technology firm, which focuses on tech, media, sports and entertainment.
The informal offer was the latest inquiry rejected by the club's board since the unexpected exit of executive chairman the former chairman in last month.
On 8 September, the organization rejected offers from previous club stakeholder the financier's PCP International Finance Limited and a group spearheaded by Kennedy and Wing-Fai Ng through Firehawk Holdings.
Levy and his household own about thirty percent of the parent company – which has an almost 87% shareholding in Spurs.
The executive was the English top flight's most enduring chair and is believed to have received over ÂŁ50 million during his nearly 25 years in the role.
Yet he was also the focus of regular protests by the club's followers, particularly last term as domestic league results proved below expectations.
Spurs secured their major honor in 17 years when they beat Manchester United in last season's European final.
Connected Themes
- English top division
- The North London club
- Football
