Brooklyn Earick Rejects Tottenham Hotspur Takeover Bid Following Expression of Interest
The long-serving executive managed Spurs' transition to the state-of-the-art venue in the year 2019.
American tech entrepreneur Brooklyn Earick has rejected launching a buyout proposal for Tottenham.
The club had earlier “firmly declined” an preliminary inquiry from a syndicate led by Earick last period and insisted the club was unavailable for purchase.
However British acquisition regulations required that, having had an initial approach rejected, Earick's consortium had to submit a bid by the October deadline or state they would not proceed.
Confirmation of the determination was made in a statement made by the club to the London Stock Exchange, indicating the organization is “not in an takeover phase.”
He published an picture of the announcement on social media, remarking: “It was a honor interacting with Spurs and the owners' agents over the past few months.
“I hold deep admiration for the team, its management, and its supporters, and hope for nothing but success.”
Spurs' leadership expressed gratitude to the syndicate for its “positive engagement” in talks and for “acknowledging the clear position” of the owners that the organization is not for sale.
Brooklyn Earick is a former DJ who also served in space technology for Nasa before creating his technology firm, which focuses on innovation, media, athletics and entertainment.
Earick's proposal was the latest inquiry rejected by the team's directors since the unexpected exit of executive chairman Levy in the fall.
On 8 September, the club turned down offers from previous club stakeholder Amanda Staveley's the investment firm and a consortium led by Dr Roger Kennedy and the co-investor through Firehawk Holdings.
Daniel Levy and his household hold about 30% of Enic Sports & Developments Holdings Ltd – which has an majority stake in the club.
Levy was the English top flight's most enduring chair and is believed to have received more than £50m during his nearly 25 years in the capacity.
However he was also the focus of frequent demonstrations by Spurs fans, particularly last campaign as home competition outcomes proved disappointing.
The north London club secured their major honor in nearly two decades when they beat United in May's Europa League final.
Related Topics
- The Premier League
- The North London club
- Football
