Earick Dismisses Tottenham Hotspur Acquisition Offer After Approach
The long-serving executive managed Tottenham's relocation to the state-of-the-art venue in recent years.
American tech entrepreneur Brooklyn Earick has rejected making a formal takeover bid for Spurs.
Tottenham had previously “firmly declined” an informal expression of interest from a investment group spearheaded by the American last month and stated the organization was unavailable for purchase.
However British acquisition regulations required that, after an initial approach rejected, the group were obligated to present a formal offer by late October or state they would not do so.
Verification of the choice was issued in a statement released by the club to the stock exchange, confirming the team is “ceased to be in an takeover phase.”
He posted an picture of the announcement on social media, remarking: “I've had a privilege engaging with Tottenham Hotspur and the Lewis family's delegates over the past few months.
“I hold high regard for the organization, its executives, and its followers, and wish them nothing but success.”
Spurs' leadership thanked the group for its “cooperative stance” in negotiations and for “honoring the definitive view” of the shareholders that the team is off the market.
Brooklyn Earick is a ex-disc jockey who also was employed in aerospace studies for Nasa before founding the innovation company, which specializes in technology, entertainment, sport and entertainment.
His approach was the third expression of interest turned down by the team's directors since the abrupt resignation of long-serving chairman Daniel Levy in last month.
In early fall, the organization turned down approaches from ex-Newcastle investor the financier's PCP International and a syndicate spearheaded by Kennedy and the co-investor through Firehawk Holdings Limited.
Daniel Levy and his family control about 30% of Enic Holdings – which has an almost 87% interest in Spurs.
Levy was the Premier League's top-tenured leader and is believed to have earned over £50 million during his long tenure in the role.
But he was also the focus of regular protests by the club's followers, particularly last term as Premier League performances turned out below expectations.
The north London club secured their initial silverware in seventeen years when they beat United in the May continental decider.
Associated Subjects
- English top division
- Tottenham Hotspur
- Soccer
