Brooklyn Earick Rejects Spurs Acquisition Offer Following Expression of Interest
The former chairman oversaw Tottenham's move to the state-of-the-art venue in 2019.
Innovative business leader the entrepreneur has dismissed making a formal takeover bid for the North London club.
The club had previously “clearly turned down” an preliminary inquiry from a investment group spearheaded by Earick last month and insisted the organization was unavailable for purchase.
However British acquisition regulations dictated that, after an informal proposal declined, the interested parties were obligated to present a formal offer by 24 October or state they would refrain.
Confirmation of the choice was issued in a statement released by Spurs to the financial markets, confirming the organization is “not in an offer period.”
He shared an picture of the release on social media, remarking: “It's been a privilege interacting with Spurs and the owners' delegates over the past few weeks.
“I maintain great respect for the organization, its executives, and its fans, and wish them only the best.”
Spurs' leadership acknowledged the syndicate for its “constructive approach” in negotiations and for “acknowledging the firm stance” of the shareholders that the organization is unavailable.
The entrepreneur is a one-time music presenter who also served in spacecraft research for Nasa before creating the innovation company, which focuses on technology, entertainment, sport and entertainment.
Earick's proposal was the latest inquiry rejected by the club's board since the abrupt resignation of executive chairman the former chairman in September.
In early fall, the team rejected proposals from former Newcastle United shareholder Staveley's the investment firm and a syndicate led by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited.
Levy and his relatives hold about a significant stake of Enic Sports & Developments Holdings Ltd – which has an almost 87% stake in Spurs.
Levy was the the league's top-tenured leader and is believed to have made more than £50m during his long tenure in the position.
However he was also the subject of regular protests by the club's followers, particularly last campaign as home competition outcomes proved unsatisfactory.
Tottenham claimed their major honor in nearly two decades when they overcame Manchester United in the May European final.
Connected Themes
- The Premier League
- Tottenham Hotspur
- Football
