Brooklyn Earick Rules Out Tottenham Hotspur Takeover Bid Post-Initial Contact
The long-serving executive oversaw Spurs' move to the club's new home in recent years.
US technology mogul Earick has dismissed submitting an official acquisition offer for Tottenham.
Spurs had previously “unequivocally rejected” an informal expression of interest from a syndicate led by Brooklyn Earick last period and insisted the organization was unavailable for purchase.
However UK takeover and merger rules required that, following an initial approach turned down, the group were obligated to present a formal offer by 24 October or declare they would not proceed.
Verification of the determination was made in a release issued by the club to the stock exchange, stating the organization is “ceased to be in an acquisition window.”
He posted an picture of the release on online platforms, adding: “It's been a privilege interacting with Spurs and the owners' agents over the past few months.
“I hold high regard for the organization, its executives, and its followers, and hope for nothing but success.”
Tottenham's directors acknowledged the consortium for its “cooperative stance” in negotiations and for “respecting the definitive view” of the owners that the club is off the market.
The entrepreneur is a one-time music presenter who also worked in aerospace studies for the space agency before founding the innovation company, which focuses on tech, communications, sports and leisure.
His approach was the latest inquiry rejected by the organization's leadership since the unexpected exit of top executive Daniel Levy in the fall.
In early fall, the team rejected proposals from former Newcastle United shareholder the financier's the investment firm and a consortium led by Roger Kennedy and the co-investor through Firehawk Holdings Limited.
The former chairman and his family control about 30% of Enic Holdings – which has an nearly 87 percent interest in Tottenham.
The executive was the the league's longest-serving chairman and is believed to have earned more than £50m during his almost quarter of a century in the role.
However he was also the subject of regular protests by the club's followers, particularly last term as domestic league results turned out below expectations.
Tottenham won their first trophy in 17 years when they overcame United in the May Europa League final.
Related Topics
- Premier League
- Tottenham Hotspur
- The beautiful game
