Brooklyn Earick Rejects Spurs Takeover Bid Following Expression of Interest
The former chairman oversaw Spurs' transition to the Tottenham Hotspur Stadium in recent years.
US technology mogul Brooklyn Earick has rejected submitting an official acquisition offer for the North London club.
Tottenham had earlier “clearly turned down” an preliminary inquiry from a consortium led by Brooklyn Earick last month and insisted the team was unavailable for purchase.
However UK takeover and merger rules stipulated that, after an expression of interest rejected, the group were obligated to present a formal offer by late October or declare they would not proceed.
Official word of the choice was issued in a release issued by the club to the stock exchange, confirming the organization is “not in an acquisition window.”
He shared an image of the release on social media, adding: “I've had a honor engaging with Spurs and the Lewis family's delegates over the past few months.
“I have deep admiration for the organization, its executives, and its followers, and wish them nothing but success.”
Spurs' leadership expressed gratitude to the syndicate for its “constructive approach” in talks and for “acknowledging the clear position” of the shareholders that the club is unavailable.
Earick is a one-time music presenter who also was employed in spacecraft research for NASA before creating the innovation company, which concentrates on innovation, communications, sports and leisure.
His approach was the third approach turned down by the club's board since the sudden departure of long-serving chairman Levy in the fall.
On 8 September, the organization turned down offers from former Newcastle United shareholder Amanda Staveley's PCP International and a group headed by Roger Kennedy and Wing-Fai Ng through the holding company.
Daniel Levy and his relatives control about thirty percent of the parent company – which has an nearly 87 percent interest in Tottenham.
The executive was the Premier League's most enduring chair and is believed to have earned in excess of fifty million pounds during his almost quarter of a century in the position.
But he was also the target of regular protests by Tottenham supporters, especially last campaign as Premier League performances turned out unsatisfactory.
The north London club won their major honor in seventeen years when they beat United in the May European final.
Connected Themes
- Premier League
- The North London club
- The beautiful game
