The American entrepreneur Rules Out Spurs Acquisition Offer Post-Initial Contact
The long-serving executive managed Tottenham's relocation to the state-of-the-art venue in 2019.
US technology mogul Brooklyn Earick has ruled out submitting an official acquisition offer for the North London club.
Spurs had earlier “unequivocally rejected” an preliminary inquiry from a syndicate spearheaded by Earick last month and stated the club was not for sale.
However British acquisition regulations dictated that, after an expression of interest declined, the group needed to make an offer by late October or state they would refrain.
Verification of the decision was issued in a release made by the club to the financial markets, indicating the club is “not in an offer period.”
He posted an snapshot of the statement on digital channels, adding: “It's been a privilege engaging with the club and the owners' agents over the past few months.
“I maintain great respect for the club, its management, and its followers, and wish them nothing but success.”
The club's board expressed gratitude to the syndicate for its “positive engagement” in negotiations and for “acknowledging the definitive view” of the proprietors that the team is not for sale.
Earick is a ex-disc jockey who also was employed in spacecraft research for NASA before establishing his technology firm, which concentrates on technology, entertainment, sport and recreation.
Earick's proposal was the latest inquiry rejected by the organization's leadership since the sudden departure of long-serving chairman the former chairman in last month.
On 8 September, the team declined approaches from previous club stakeholder Amanda Staveley's PCP International and a syndicate led by Kennedy and Ng through the holding company.
Levy and his household own about 30% of Enic Holdings – which has an nearly 87 percent shareholding in the club.
He was the the league's top-tenured leader and is believed to have earned more than £50m during his nearly 25 years in the capacity.
Yet he was also the target of frequent demonstrations by Tottenham supporters, particularly last term as Premier League performances were below expectations.
Spurs won their initial silverware in seventeen years when they overcame Manchester United in last season's European final.
Related Topics
- The Premier League
- The North London club
- Football
