🔗 Share this article

Innovative business leader Brooklyn Earick has dismissed launching a buyout proposal for the North London club.

Tottenham had before “unequivocally rejected” an unofficial approach from a investment group headed by Brooklyn Earick last period and stated the organization was not for sale.

Yet UK takeover and merger rules dictated that, having had an informal proposal declined, Earick's consortium were obligated to present a formal offer by 24 October or declare they would refrain.

Official word of the determination was provided in a release made by Tottenham to the London Stock Exchange, indicating the organization is “no longer in an acquisition window.”

Earick posted an picture of the announcement on online platforms, adding: “It was a pleasure discussing with Tottenham Hotspur and the owners' representatives over the past few months.

“I have great respect for the club, its executives, and its followers, and desire only the best.”

Tottenham's directors thanked the group for its “cooperative stance” in negotiations and for “honoring the clear position” of the proprietors that the organization is off the market.

Brooklyn Earick is a ex-disc jockey who also was employed in space technology for NASA before founding the innovation company, which specializes in tech, entertainment, athletics and leisure.

The informal offer was the third approach rejected by the organization's leadership since the unexpected exit of executive chairman Levy in September.

In early fall, the organization rejected approaches from former Newcastle United shareholder Staveley's PCP International and a syndicate led by Roger Kennedy and the co-investor through Firehawk Holdings.

Daniel Levy and his household hold about thirty percent of Enic Holdings – which has an almost 87% shareholding in Spurs.

He was the the league's longest-serving chairman and is estimated to have received more than £50m during his nearly 25 years in the position.

However he was also the target of frequent demonstrations by Tottenham supporters, particularly last term as Premier League performances were below expectations.

Spurs secured their first trophy in nearly two decades when they overcame Manchester United in last season's Europa League final.

Associated Subjects

• English top division
• Spurs
• The beautiful game