The American entrepreneur Rules Out Spurs Acquisition Offer Following Expression of Interest
The long-serving executive directed Tottenham's move to the Tottenham Hotspur Stadium in recent years.
American tech entrepreneur Earick has dismissed making a formal takeover bid for the North London club.
Spurs had previously “unequivocally rejected” an informal expression of interest from a syndicate headed by the American last month and stated the organization was off the market.
However UK takeover and merger rules required that, after an initial approach declined, the interested parties needed to make an offer by late October or announce they would refrain.
Verification of the choice was issued in a statement issued by Spurs to the London Stock Exchange, confirming the team is “ceased to be in an acquisition window.”
The entrepreneur posted an picture of the announcement on online platforms, adding: “I've had a pleasure interacting with Spurs and the owners' agents over the past few weeks.
“I hold great respect for the organization, its executives, and its supporters, and wish them only the best.”
The club's board expressed gratitude to the syndicate for its “constructive approach” in negotiations and for “honoring the clear position” of the proprietors that the team is unavailable.
Brooklyn Earick is a ex-disc jockey who also was employed in aerospace studies for Nasa before founding the innovation company, which specializes in innovation, entertainment, sport and leisure.
Earick's proposal was the latest approach declined by the organization's leadership since the unexpected exit of executive chairman Levy in the fall.
On 8 September, the club declined proposals from previous club stakeholder the financier's PCP International Finance Limited and a group headed by Kennedy and Wing-Fai Ng through the holding company.
Daniel Levy and his household hold about a significant stake of Enic Holdings – which has an majority stake in the club.
He was the Premier League's longest-serving chairman and is estimated to have received more than £50m during his long tenure in the role.
Yet he was also the subject of frequent demonstrations by the club's followers, notably last campaign as Premier League performances turned out unsatisfactory.
Tottenham claimed their first trophy in nearly two decades when they overcame the Red Devils in last season's continental decider.
Connected Themes
- Premier League
- The North London club
- Soccer
