Brooklyn Earick Rules Out Tottenham Hotspur Acquisition Offer Following Expression of Interest
The former chairman managed Spurs' move to the state-of-the-art venue in the year 2019.
American tech entrepreneur Brooklyn Earick has dismissed submitting an official acquisition offer for Spurs.
Spurs had earlier “unequivocally rejected” an informal expression of interest from a consortium spearheaded by Earick last month and insisted the club was off the market.
However UK takeover and merger rules required that, following an informal proposal turned down, the group had to submit a bid by the October deadline or announce they would not proceed.
Official word of the choice was provided in a announcement issued by Spurs to the financial markets, confirming the team is “no longer in an takeover phase.”
Earick shared an picture of the announcement on social media, remarking: “It was a privilege interacting with the club and the owners' representatives over the past few months.
“I maintain high regard for the organization, its executives, and its supporters, and wish them nothing but success.”
Tottenham's directors acknowledged the group for its “positive engagement” in negotiations and for “acknowledging the definitive view” of the proprietors that the organization is unavailable.
Brooklyn Earick is a former DJ who also worked in space technology for Nasa before founding the innovation company, which concentrates on technology, entertainment, sports and recreation.
The informal offer was the latest approach declined by the club's board since the sudden departure of executive chairman Levy in September.
In early fall, the club declined proposals from ex-Newcastle investor Amanda Staveley's PCP International Finance Limited and a consortium led by Kennedy and Ng through the holding company.
Daniel Levy and his family own about thirty percent of the parent company – which has an nearly 87 percent shareholding in Tottenham.
He was the Premier League's longest-serving chairman and is reported to have made more than £50m during his almost quarter of a century in the capacity.
However he was also the focus of ongoing dissent by Tottenham supporters, notably last campaign as Premier League performances proved unsatisfactory.
The north London club claimed their first trophy in nearly two decades when they defeated United in last season's continental decider.
Connected Themes
- The Premier League
- The North London club
- Soccer
