Earick Rejects Spurs Takeover Bid After Approach

American tech entrepreneur Brooklyn Earick has ruled out submitting an official acquisition offer for Spurs.

The club had previously “clearly turned down” an preliminary inquiry from a syndicate headed by the American last month and insisted the team was off the market.

Yet UK takeover and merger rules required that, having had an expression of interest rejected, Earick's consortium had to submit a bid by late October or announce they would refrain.

Confirmation of the decision was issued in a release made by Tottenham to the stock exchange, indicating the team is “not in an takeover phase.”

He shared an image of the release on digital channels, adding: “It's been a privilege engaging with the club and the Lewis family's agents over the past few months.

“I have great respect for the team, its executives, and its followers, and desire continued achievements.”

Spurs' leadership thanked the syndicate for its “constructive approach” in negotiations and for “acknowledging the clear position” of the shareholders that the club is unavailable.

Brooklyn Earick is a ex-disc jockey who also worked in spacecraft research for NASA before founding Redacted RnD, which concentrates on tech, entertainment, athletics and recreation.

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

In early fall, the organization declined proposals from previous club stakeholder Staveley's the investment firm and a syndicate spearheaded by Kennedy and Ng through Firehawk Holdings.

Levy and his relatives own about 30% of Enic Holdings – which has an majority shareholding in Spurs.

The executive was the English top flight's longest-serving chairman and is estimated to have earned over £50 million during his almost quarter of a century in the role.

But he was also the target of ongoing dissent by the club's followers, particularly last term as Premier League performances proved below expectations.

Spurs won their first trophy in 17 years when they defeated United in the May continental decider.

Related Topics

• English top division
• Tottenham Hotspur
• Soccer