Brooklyn Earick Rules Out Spurs Takeover Bid Following Expression of Interest
Daniel Levy directed Spurs' transition to the Tottenham Hotspur Stadium in recent years.
American tech entrepreneur Brooklyn Earick has ruled out making a formal takeover bid for Tottenham.
The club had previously “unequivocally rejected” an informal expression of interest from a syndicate headed by Brooklyn Earick last period and stated the team was not for sale.
Yet British acquisition regulations required that, having had an informal proposal rejected, Earick's consortium had to submit a bid by 24 October or state they would refrain.
Verification of the choice was issued in a announcement released by the club to the London Stock Exchange, indicating the team is “no longer in an offer period.”
Earick shared an image of the release on digital channels, adding: “It's been a privilege discussing with the club and the owners' delegates over the past few weeks.
“I hold great respect for the team, its executives, and its supporters, and desire only the best.”
Tottenham's directors acknowledged the group for its “constructive approach” in discussions and for “respecting the definitive view” of the proprietors that the organization is off the market.
Earick is a one-time music presenter who also served in spacecraft research for Nasa before founding the innovation company, which specializes in innovation, entertainment, sports and recreation.
The informal offer was the third expression of interest turned down by the organization's leadership since the sudden departure of top executive the former chairman in last month.
On 8 September, the team turned down approaches from ex-Newcastle investor the financier's PCP International and a consortium spearheaded by Kennedy and the co-investor through the holding company.
Levy and his relatives control about a significant stake of the parent company – which has an majority shareholding in Spurs.
He was the English top flight's longest-serving chairman and is believed to have earned in excess of fifty million pounds during his long tenure in the position.
However he was also the focus of regular protests by Tottenham supporters, particularly last season as home competition outcomes turned out disappointing.
The north London club won their initial silverware in nearly two decades when they overcame United in May's continental decider.
Related Topics
- English top division
- Tottenham Hotspur
- Football
