Brooklyn Earick Dismisses Spurs Acquisition Offer Post-Initial Contact
The former chairman directed Spurs' relocation to the state-of-the-art venue in 2019.
American tech entrepreneur the entrepreneur has ruled out launching a buyout proposal for the North London club.
The club had before “unequivocally rejected” an informal expression of interest from a investment group spearheaded by Earick last month and maintained the organization was not for sale.
However the nation's corporate governance laws stipulated that, following an initial approach declined, the interested parties needed to make an offer by the October deadline or announce they would refrain.
Official word of the decision was provided in a statement made by the club to the London Stock Exchange, indicating the organization is “not in an takeover phase.”
He posted an picture of the statement on online platforms, remarking: “It's been a honor interacting with the club and the Lewis family's agents over the past few weeks.
“I hold high regard for the team, its management, and its followers, and desire nothing but success.”
The club's board thanked the syndicate for its “positive engagement” in negotiations and for “acknowledging the definitive view” of the shareholders that the club is not for sale.
The entrepreneur is a former DJ who also was employed in aerospace studies for Nasa before creating Redacted RnD, which specializes in innovation, media, sport and entertainment.
His approach was the latest approach turned down by the team's directors since the unexpected exit of top executive Daniel Levy in last month.
In early fall, the team rejected approaches from previous club stakeholder Amanda Staveley's PCP International and a consortium headed by Kennedy and Wing-Fai Ng through the holding company.
The former chairman and his household control about thirty percent of the parent company – which has an nearly 87 percent shareholding in Tottenham.
He was the English top flight's longest-serving chairman and is estimated to have earned in excess of fifty million pounds during his nearly 25 years in the capacity.
However he was also the focus of ongoing dissent by Spurs fans, especially last campaign as domestic league results were disappointing.
Tottenham won their first trophy in 17 years when they beat Manchester United in last season's continental decider.
Associated Subjects
- The Premier League
- Tottenham Hotspur
- Football
