Brooklyn Earick Rules Out Tottenham Hotspur Buyout Proposal Post-Initial Contact
The former chairman directed Tottenham's transition to the state-of-the-art venue in recent years.
American tech entrepreneur Earick has rejected making a formal takeover bid for Spurs.
The club had earlier “firmly declined” an informal expression of interest from a investment group led by Brooklyn Earick last month and maintained the club was not for sale.
But British acquisition regulations dictated that, having had an informal proposal declined, the group needed to make an offer by the October deadline or declare they would not do so.
Confirmation of the choice was issued in a statement made by Tottenham to the stock exchange, indicating the team is “ceased to be in an offer period.”
The entrepreneur posted an snapshot of the announcement on digital channels, adding: “It was a privilege interacting with Tottenham Hotspur and the owners' delegates over the past few months.
“I hold great respect for the team, its leadership, and its supporters, and hope for nothing but success.”
Spurs' leadership acknowledged the syndicate for its “constructive approach” in talks and for “honoring the definitive view” of the shareholders that the club is not for sale.
The entrepreneur is a ex-disc jockey who also was employed in space technology for NASA before founding the innovation company, which concentrates on tech, communications, athletics and recreation.
Earick's proposal was the latest inquiry declined by the team's directors since the unexpected exit of executive chairman the former chairman in last month.
Earlier in September, the organization declined proposals from former Newcastle United shareholder Amanda Staveley's the investment firm and a consortium headed by Roger Kennedy and Ng through the holding company.
Daniel Levy and his household control about 30% of Enic Sports & Developments Holdings Ltd – which has an nearly 87 percent interest in Tottenham.
Levy was the the league's longest-serving chairman and is reported to have received over £50 million during his nearly 25 years in the role.
However he was also the target of frequent demonstrations by Spurs fans, notably last season as domestic league results turned out unsatisfactory.
Spurs secured their initial silverware in 17 years when they beat United in May's European final.
Associated Subjects
- Premier League
- Spurs
- The beautiful game
