Earick Rules Out Spurs Acquisition Offer Following Expression of Interest
The long-serving executive oversaw Spurs' move to the Tottenham Hotspur Stadium in the year 2019.
American tech entrepreneur Brooklyn Earick has ruled out submitting an official acquisition offer for the North London club.
Spurs had previously “unequivocally rejected” an unofficial approach from a investment group headed by Brooklyn Earick last month and insisted the organization was unavailable for purchase.
Yet the nation's corporate governance laws required that, after an informal proposal declined, the group had to submit a bid by late October or announce they would not do so.
Official word of the choice was issued in a release made by Spurs to the London Stock Exchange, confirming the organization is “no longer in an offer period.”
The entrepreneur published an snapshot of the statement on digital channels, stating: “It's been a honor interacting with Spurs and the owners' representatives over the past few months.
“I have deep admiration for the team, its leadership, and its supporters, and wish them only the best.”
The club's board thanked the syndicate for its “positive engagement” in talks and for “respecting the definitive view” of the owners that the club is unavailable.
Brooklyn Earick is a one-time music presenter who also served in aerospace studies for the space agency before establishing his technology firm, which specializes in tech, entertainment, athletics and entertainment.
His approach was the third inquiry declined by the team's directors since the sudden departure of long-serving chairman the former chairman in the fall.
In early fall, the club declined proposals from ex-Newcastle investor Staveley's PCP International Finance Limited and a consortium spearheaded by Kennedy and Ng through Firehawk Holdings.
Daniel Levy and his family hold about thirty percent of the parent company – which has an nearly 87 percent interest in the club.
The executive was the English top flight's top-tenured leader and is believed to have earned over £50 million during his almost quarter of a century in the role.
But he was also the subject of frequent demonstrations by Tottenham supporters, notably last campaign as Premier League performances were disappointing.
Tottenham secured their major honor in 17 years when they beat the Red Devils in the May Europa League final.
Associated Subjects
- The Premier League
- Tottenham Hotspur
- Soccer
