Brooklyn Earick Dismisses Spurs Buyout Proposal After Approach
The former chairman directed Tottenham's move to the Tottenham Hotspur Stadium in recent years.
American tech entrepreneur the entrepreneur has dismissed submitting an official acquisition offer for Spurs.
Tottenham had previously “clearly turned down” an unofficial approach from a syndicate headed by Earick last month and maintained the team was not for sale.
Yet the nation's corporate governance laws required that, after an informal proposal rejected, the group had to submit a bid by the October deadline or declare they would not do so.
Confirmation of the determination was provided in a announcement released by the club to the financial markets, stating the organization is “no longer in an offer period.”
The entrepreneur posted an picture of the announcement on digital channels, remarking: “It was a pleasure interacting with Spurs and the owners' agents over the past few months.
“I maintain deep admiration for the team, its executives, and its followers, and desire only the best.”
The club's board acknowledged the syndicate for its “constructive approach” in talks and for “acknowledging the firm stance” of the shareholders that the organization is off the market.
Brooklyn Earick is a one-time music presenter who also worked in spacecraft research for NASA before creating his technology firm, which focuses on tech, communications, athletics and recreation.
His approach was the third expression of interest turned down by the team's directors since the sudden departure of executive chairman the former chairman in the fall.
In early fall, the team turned down proposals from ex-Newcastle investor Staveley's PCP International Finance Limited and a group headed by Kennedy and Ng through Firehawk Holdings Limited.
The former chairman and his family own about 30% of Enic Sports & Developments Holdings Ltd – which has an almost 87% interest in the club.
Levy was the English top flight's longest-serving chairman and is reported to have made more than £50m during his nearly 25 years in the position.
However he was also the subject of frequent demonstrations by Spurs fans, especially last term as home competition outcomes were unsatisfactory.
Tottenham won their first trophy in 17 years when they beat Manchester United in May's continental decider.
Related Topics
- The Premier League
- Tottenham Hotspur
- Football
