Brooklyn Earick Rejects Spurs Acquisition Offer Following Expression of Interest
The long-serving executive managed Spurs' transition to the Tottenham Hotspur Stadium in recent years.
US technology mogul the entrepreneur has rejected submitting an official acquisition offer for the North London club.
Tottenham had previously “clearly turned down” an informal expression of interest from a consortium spearheaded by Earick last period and maintained the organization was unavailable for purchase.
However UK takeover and merger rules dictated that, after an informal proposal rejected, the interested parties were obligated to present a formal offer by late October or announce they would not do so.
Official word of the decision was provided in a statement made by Tottenham to the financial markets, stating the team is “no longer in an acquisition window.”
He posted an image of the statement on online platforms, adding: “I've had a privilege engaging with the club and the Lewis family's delegates over the past few weeks.
“I have high regard for the organization, its management, and its fans, and hope for nothing but success.”
Tottenham's directors thanked the consortium for its “positive engagement” in discussions and for “acknowledging the clear position” of the owners that the club is off the market.
Brooklyn Earick is a former DJ who also was employed in spacecraft research for Nasa before founding his technology firm, which concentrates on technology, communications, sport and recreation.
Earick's proposal was the third inquiry turned down by the team's directors since the unexpected exit of executive chairman the former chairman in the fall.
On 8 September, the club rejected proposals from former Newcastle United shareholder Amanda Staveley's PCP International Finance Limited and a consortium led by Roger Kennedy and Ng through the holding company.
The former chairman and his relatives hold about thirty percent of the parent company – which has an almost 87% interest in Spurs.
Levy was the Premier League's top-tenured leader and is believed to have made more than £50m during his nearly 25 years in the position.
But he was also the target of frequent demonstrations by Tottenham supporters, especially last season as domestic league results were unsatisfactory.
The north London club claimed their initial silverware in seventeen years when they beat Manchester United in May's Europa League final.
Related Topics
- English top division
- Tottenham Hotspur
- Soccer
