Brooklyn Earick Dismisses Tottenham Hotspur Acquisition Offer Following Expression of Interest
The former chairman oversaw Tottenham's relocation to the Tottenham Hotspur Stadium in recent years.
American tech entrepreneur Brooklyn Earick has dismissed launching a buyout proposal for Tottenham.
Tottenham had earlier “unequivocally rejected” an unofficial approach from a investment group led by the American last month and stated the club was unavailable for purchase.
Yet British acquisition regulations required that, following an initial approach turned down, Earick's consortium were obligated to present a formal offer by the October deadline or announce they would not do so.
Official word of the decision was made in a announcement released by Spurs to the London Stock Exchange, indicating the team is “no longer in an takeover phase.”
Earick posted an image of the announcement on digital channels, adding: “It's been a pleasure engaging with Tottenham Hotspur and the Lewis family's delegates over the past few months.
“I maintain deep admiration for the team, its leadership, and its supporters, and desire only the best.”
The club's board thanked the syndicate for its “constructive approach” in negotiations and for “respecting the clear position” of the proprietors that the team is not for sale.
The entrepreneur is a one-time music presenter who also was employed in space technology for Nasa before founding his technology firm, which concentrates on innovation, media, athletics and recreation.
His approach was the third inquiry rejected by the organization's leadership since the unexpected exit of long-serving chairman Daniel Levy in the fall.
In early fall, the team turned down offers from previous club stakeholder Staveley's PCP International Finance Limited and a consortium led by Dr Roger Kennedy and Ng through Firehawk Holdings Limited.
Levy and his relatives own about a significant stake of Enic Holdings – which has an nearly 87 percent stake in the club.
He was the English top flight's longest-serving chairman and is reported to have earned over £50 million during his long tenure in the position.
However he was also the subject of ongoing dissent by Tottenham supporters, especially last term as Premier League performances turned out below expectations.
The north London club secured their major honor in seventeen years when they overcame United in last season's European final.
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- Premier League
- The North London club
- The beautiful game
