Brooklyn Earick Rules Out Spurs Acquisition Offer Post-Initial Contact
The long-serving executive managed Tottenham's relocation to the state-of-the-art venue in recent years.
American tech entrepreneur Earick has dismissed making a formal takeover bid for the North London club.
Spurs had earlier “unequivocally rejected” an unofficial approach from a investment group headed by the American last month and insisted the club was off the market.
However UK takeover and merger rules dictated that, following an expression of interest turned down, the group were obligated to present a formal offer by late October or state they would refrain.
Verification of the determination was issued in a release made by Spurs to the London Stock Exchange, confirming the organization is “ceased to be in an acquisition window.”
He posted an snapshot of the statement on online platforms, adding: “It was a pleasure interacting with Spurs and the owners' agents over the past few months.
“I hold high regard for the organization, its executives, and its supporters, and hope for continued achievements.”
Spurs' leadership expressed gratitude to the consortium for its “cooperative stance” in discussions and for “respecting the definitive view” of the owners that the team is off the market.
Earick is a ex-disc jockey who also was employed in aerospace studies for Nasa before establishing his technology firm, which concentrates on technology, communications, sport and recreation.
The informal offer was the third expression of interest turned down by the club's board since the unexpected exit of executive chairman Levy in last month.
Earlier in September, the organization rejected offers from former Newcastle United shareholder Amanda Staveley's PCP International Finance Limited and a syndicate headed by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings.
Daniel Levy and his family own about 30% of Enic Sports & Developments Holdings Ltd – which has an nearly 87 percent stake in the club.
He was the English top flight's top-tenured leader and is estimated to have made over £50 million during his long tenure in the capacity.
But he was also the focus of ongoing dissent by Spurs fans, particularly last term as Premier League performances proved disappointing.
The north London club won their first trophy in nearly two decades when they beat Manchester United in last season's Europa League final.
Related Topics
- Premier League
- The North London club
- Soccer
