Earick Rules Out Tottenham Hotspur Buyout Proposal After Approach
The long-serving executive directed Spurs' transition to the club's new home in recent years.
American tech entrepreneur Brooklyn Earick has ruled out launching a buyout proposal for Spurs.
Spurs had earlier “unequivocally rejected” an informal expression of interest from a syndicate spearheaded by the American last month and insisted the club was not for sale.
Yet the nation's corporate governance laws stipulated that, following an expression of interest declined, the group needed to make an offer by late October or announce they would not do so.
Official word of the choice was provided in a announcement issued by Spurs to the London Stock Exchange, stating the organization is “not in an acquisition window.”
He posted an picture of the announcement on social media, adding: “I've had a honor engaging with Tottenham Hotspur and the owners' representatives over the past few months.
“I hold great respect for the organization, its management, and its fans, and wish them continued achievements.”
Tottenham's directors expressed gratitude to the group for its “cooperative stance” in talks and for “acknowledging the definitive view” of the shareholders that the club is unavailable.
Earick is a one-time music presenter who also worked in space technology for the space agency before establishing his technology firm, which focuses on tech, communications, sport and recreation.
The informal offer was the third inquiry turned down by the club's board since the unexpected exit of executive chairman the former chairman in September.
In early fall, the club declined approaches from former Newcastle United shareholder Staveley's the investment firm and a group headed by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited.
Daniel Levy and his family control about 30% of Enic Sports & Developments Holdings Ltd – which has an majority stake in the club.
Levy was the Premier League's most enduring chair and is reported to have made in excess of fifty million pounds during his almost quarter of a century in the role.
Yet he was also the target of ongoing dissent by Tottenham supporters, especially last season as home competition outcomes were disappointing.
The north London club claimed their major honor in seventeen years when they beat the Red Devils in last season's Europa League final.
Connected Themes
- Premier League
- The North London club
- Soccer
