Brooklyn Earick Rules Out Tottenham Hotspur Takeover Bid After Approach

US technology mogul Brooklyn Earick has dismissed launching a buyout proposal for Tottenham.

Spurs had before “firmly declined” an informal expression of interest from a consortium spearheaded by Earick last month and stated the club was unavailable for purchase.

But the nation's corporate governance laws stipulated that, following an initial approach declined, Earick's consortium needed to make an offer by late October or state they would not do so.

Official word of the decision was made in a release issued by Tottenham to the financial markets, indicating the team is “not in an offer period.”

The entrepreneur published an snapshot of the release on social media, stating: “It was a privilege interacting with Tottenham Hotspur and the Lewis family's agents over the past few months.

“I maintain high regard for the organization, its management, and its supporters, and desire nothing but success.”

The club's board expressed gratitude to the syndicate for its “constructive approach” in talks and for “acknowledging the firm stance” of the owners that the organization is unavailable.

The entrepreneur is a former DJ who also served in aerospace studies for Nasa before creating the innovation company, which concentrates on technology, media, athletics and leisure.

Earick's proposal was the third expression of interest turned down by the club's board since the sudden departure of executive chairman the former chairman in last month.

In early fall, the organization rejected offers from previous club stakeholder Amanda Staveley's the investment firm and a group spearheaded by Kennedy and Ng through Firehawk Holdings.

The former chairman and his relatives hold about a significant stake of Enic Sports & Developments Holdings Ltd – which has an majority interest in the club.

Levy was the Premier League's most enduring chair and is reported to have received over £50 million during his long tenure in the role.

However he was also the focus of ongoing dissent by Spurs fans, especially last season as domestic league results turned out disappointing.

Spurs secured their initial silverware in nearly two decades when they defeated United in last season's Europa League final.

Associated Subjects

• The Premier League
• Spurs
• Soccer