Brooklyn Earick Rules Out Spurs Takeover Bid After Approach
Daniel Levy directed Spurs' move to the state-of-the-art venue in 2019.
Innovative business leader the entrepreneur has ruled out launching a buyout proposal for the North London club.
Spurs had before “unequivocally rejected” an unofficial approach from a consortium headed by Earick last period and stated the team was unavailable for purchase.
Yet British acquisition regulations dictated that, following an expression of interest turned down, the interested parties had to submit a bid by 24 October or declare they would not do so.
Verification of the decision was provided in a statement issued by Spurs to the stock exchange, confirming the organization is “ceased to be in an offer period.”
The entrepreneur posted an picture of the announcement on social media, remarking: “It was a pleasure discussing with Spurs and the Lewis family's delegates over the past few weeks.
“I have great respect for the organization, its management, and its fans, and desire continued achievements.”
Tottenham's directors thanked the consortium for its “cooperative stance” in negotiations and for “respecting the firm stance” of the shareholders that the organization is unavailable.
The entrepreneur is a former DJ who also was employed in spacecraft research for NASA before creating the innovation company, which specializes in technology, media, sports and entertainment.
Earick's proposal was the third inquiry declined by the team's directors since the unexpected exit of long-serving chairman Levy in September.
On 8 September, the organization declined proposals from previous club stakeholder Amanda Staveley's PCP International Finance Limited and a syndicate led by Roger Kennedy and the co-investor through the holding company.
The former chairman and his relatives own about 30% of Enic Sports & Developments Holdings Ltd – which has an almost 87% shareholding in Spurs.
The executive was the the league's top-tenured leader and is believed to have received over £50 million during his almost quarter of a century in the role.
Yet he was also the focus of ongoing dissent by the club's followers, notably last season as Premier League performances were disappointing.
Spurs won their first trophy in seventeen years when they defeated United in last season's continental decider.
Associated Subjects
- The Premier League
- Tottenham Hotspur
- The beautiful game
