Brooklyn Earick Rejects Tottenham Hotspur Acquisition Offer Post-Initial Contact

US technology mogul the entrepreneur has ruled out making a formal takeover bid for Tottenham.

Spurs had earlier “firmly declined” an preliminary inquiry from a consortium headed by Earick last period and insisted the organization was not for sale.

Yet UK takeover and merger rules required that, following an informal proposal turned down, the group were obligated to present a formal offer by 24 October or declare they would not do so.

Confirmation of the decision was made in a statement made by Spurs to the financial markets, indicating the team is “no longer in an acquisition window.”

He posted an snapshot of the release on online platforms, adding: “It's been a privilege discussing with the club and the owners' delegates over the past few weeks.

“I maintain high regard for the team, its leadership, and its followers, and desire nothing but success.”

Tottenham's directors thanked the consortium for its “cooperative stance” in negotiations and for “respecting the firm stance” of the owners that the team is off the market.

Earick is a ex-disc jockey who also was employed in aerospace studies for the space agency before founding Redacted RnD, which specializes in technology, media, sports and leisure.

The informal offer was the latest inquiry turned down by the organization's leadership since the sudden departure of long-serving chairman Levy in September.

On 8 September, the team rejected proposals from former Newcastle United shareholder Staveley's PCP International and a syndicate led by Kennedy and Wing-Fai Ng through Firehawk Holdings.

The former chairman and his relatives own about thirty percent of Enic Sports & Developments Holdings Ltd – which has an nearly 87 percent shareholding in Spurs.

He was the English top flight's longest-serving chairman and is believed to have received over £50 million during his almost quarter of a century in the position.

But he was also the target of frequent demonstrations by the club's followers, particularly last season as domestic league results turned out disappointing.

Tottenham secured their initial silverware in nearly two decades when they defeated Manchester United in the May continental decider.

Connected Themes

• The Premier League
• The North London club
• Soccer