Earick Rules Out Tottenham Hotspur Acquisition Offer Following Expression of Interest
The former chairman directed Spurs' transition to the state-of-the-art venue in the year 2019.
American tech entrepreneur Earick has rejected making a formal takeover bid for Tottenham.
Spurs had before “unequivocally rejected” an unofficial approach from a syndicate led by Brooklyn Earick last period and insisted the organization was not for sale.
Yet British acquisition regulations dictated that, following an initial approach turned down, the interested parties were obligated to present a formal offer by the October deadline or state they would not proceed.
Official word of the choice was provided in a release issued by Spurs to the stock exchange, stating the club is “no longer in an offer period.”
Earick shared an picture of the release on social media, remarking: “It's been a honor interacting with Tottenham Hotspur and the Lewis family's agents over the past few weeks.
“I hold deep admiration for the team, its executives, and its supporters, and desire continued achievements.”
Spurs' leadership expressed gratitude to the consortium for its “constructive approach” in negotiations and for “acknowledging the firm stance” of the proprietors that the team is unavailable.
Earick is a one-time music presenter who also served in space technology for the space agency before founding the innovation company, which concentrates on tech, media, athletics and leisure.
His approach was the third inquiry declined by the club's board since the unexpected exit of long-serving chairman the former chairman in last month.
On 8 September, the club rejected offers from former Newcastle United shareholder Staveley's PCP International Finance Limited and a syndicate led by Dr Roger Kennedy and Wing-Fai Ng through the holding company.
Daniel Levy and his family own about thirty percent of Enic Sports & Developments Holdings Ltd – which has an majority shareholding in the club.
The executive was the English top flight's longest-serving chairman and is estimated to have earned in excess of fifty million pounds during his nearly 25 years in the capacity.
But he was also the subject of frequent demonstrations by the club's followers, especially last term as home competition outcomes proved below expectations.
Tottenham secured their initial silverware in nearly two decades when they defeated the Red Devils in last season's Europa League final.
Related Topics
- English top division
- The North London club
- The beautiful game
