The American entrepreneur Rejects Spurs Buyout Proposal Following Expression of Interest
The former chairman directed Spurs' transition to the club's new home in 2019.
US technology mogul Brooklyn Earick has dismissed submitting an official acquisition offer for Tottenham.
The club had before “unequivocally rejected” an informal expression of interest from a investment group led by Brooklyn Earick last month and stated the organization was not for sale.
However the nation's corporate governance laws dictated that, following an expression of interest turned down, the interested parties had to submit a bid by the October deadline or announce they would refrain.
Verification of the choice was made in a statement made by Spurs to the London Stock Exchange, confirming the club is “not in an takeover phase.”
The entrepreneur published an picture of the statement on online platforms, adding: “It was a privilege interacting with Spurs and the owners' agents over the past few months.
“I maintain deep admiration for the club, its management, and its supporters, and wish them nothing but success.”
Tottenham's directors expressed gratitude to the syndicate for its “cooperative stance” in talks and for “honoring the definitive view” of the proprietors that the club is not for sale.
Brooklyn Earick is a former DJ who also worked in aerospace studies for Nasa before establishing Redacted RnD, which focuses on innovation, communications, sports and entertainment.
His approach was the latest approach turned down by the organization's leadership since the sudden departure of executive chairman the former chairman in last month.
Earlier in September, the club declined proposals from previous club stakeholder the financier's the investment firm and a syndicate headed by Roger Kennedy and Ng through Firehawk Holdings.
Levy and his family own about thirty percent of Enic Sports & Developments Holdings Ltd – which has an majority interest in Tottenham.
The executive was the English top flight's most enduring chair and is believed to have received more than £50m during his almost quarter of a century in the role.
However he was also the focus of frequent demonstrations by the club's followers, particularly last campaign as home competition outcomes proved disappointing.
Tottenham claimed their major honor in 17 years when they beat Manchester United in May's European final.
Associated Subjects
- The Premier League
- Spurs
- Soccer
