Brooklyn Earick Rejects Tottenham Hotspur Acquisition Offer Post-Initial Contact
Daniel Levy managed Spurs' transition to the Tottenham Hotspur Stadium in 2019.
American tech entrepreneur Earick has rejected making a formal takeover bid for Tottenham.
Spurs had before “firmly declined” an preliminary inquiry from a syndicate headed by the American last month and insisted the organization was off the market.
However the nation's corporate governance laws stipulated that, after an initial approach rejected, Earick's consortium had to submit a bid by late October or announce they would not proceed.
Official word of the choice was provided in a announcement made by Tottenham to the financial markets, indicating the club is “ceased to be in an offer period.”
The entrepreneur posted an snapshot of the release on social media, remarking: “I've had a pleasure engaging with the club and the Lewis family's agents over the past few weeks.
“I have great respect for the club, its leadership, and its fans, and desire continued achievements.”
The club's board acknowledged the group for its “constructive approach” in discussions and for “honoring the definitive view” of the shareholders that the club is unavailable.
Brooklyn Earick is a one-time music presenter who also was employed in space technology for the space agency before founding the innovation company, which concentrates on tech, communications, sport and leisure.
His approach was the latest approach turned down by the club's board since the unexpected exit of executive chairman Levy in September.
In early fall, the organization turned down offers from former Newcastle United shareholder Staveley's PCP International Finance Limited and a syndicate headed by Kennedy and the co-investor through Firehawk Holdings.
Daniel Levy and his family control about 30% of Enic Sports & Developments Holdings Ltd – which has an nearly 87 percent shareholding in the club.
He was the Premier League's most enduring chair and is estimated to have received more than £50m during his nearly 25 years in the position.
But he was also the target of frequent demonstrations by Spurs fans, especially last campaign as home competition outcomes proved below expectations.
Spurs won their first trophy in nearly two decades when they overcame the Red Devils in May's Europa League final.
Associated Subjects
- English top division
- Spurs
- Football
