The American entrepreneur Rules Out Tottenham Hotspur Takeover Bid Following Expression of Interest
The former chairman directed Tottenham's relocation to the club's new home in recent years.
US technology mogul the entrepreneur has ruled out submitting an official acquisition offer for Tottenham.
Tottenham had before “clearly turned down” an unofficial approach from a consortium headed by the American last month and maintained the club was not for sale.
Yet the nation's corporate governance laws stipulated that, having had an informal proposal rejected, the interested parties needed to make an offer by late October or declare they would refrain.
Confirmation of the decision was provided in a release released by Tottenham to the London Stock Exchange, confirming the team is “no longer in an acquisition window.”
Earick published an image of the announcement on online platforms, adding: “It was a honor engaging with Tottenham Hotspur and the Lewis family's delegates over the past few weeks.
“I have deep admiration for the team, its leadership, and its followers, and wish them only the best.”
Tottenham's directors thanked the consortium for its “constructive approach” in talks and for “acknowledging the firm stance” of the proprietors that the club is unavailable.
Brooklyn Earick is a one-time music presenter who also was employed in aerospace studies for NASA before establishing the innovation company, which focuses on tech, communications, sports and entertainment.
His approach was the third expression of interest turned down by the organization's leadership since the unexpected exit of long-serving chairman Daniel Levy in the fall.
In early fall, the club turned down approaches from ex-Newcastle investor the financier's the investment firm and a syndicate spearheaded by Roger Kennedy and the co-investor through Firehawk Holdings.
Daniel Levy and his family own about thirty percent of the parent company – which has an majority stake in Spurs.
Levy was the English top flight's top-tenured leader and is estimated to have made over £50 million during his nearly 25 years in the role.
However he was also the subject of frequent demonstrations by Tottenham supporters, especially last term as home competition outcomes proved unsatisfactory.
Spurs secured their major honor in nearly two decades when they beat United in last season's continental decider.
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- The Premier League
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