Brooklyn Earick Rules Out Tottenham Hotspur Buyout Proposal Following Expression of Interest
The long-serving executive directed Tottenham's transition to the club's new home in 2019.
US technology mogul Earick has dismissed making a formal takeover bid for Tottenham.
Tottenham had previously “unequivocally rejected” an informal expression of interest from a consortium spearheaded by the American last month and stated the team was off the market.
But the nation's corporate governance laws stipulated that, after an expression of interest declined, Earick's consortium had to submit a bid by the October deadline or announce they would not do so.
Official word of the determination was made in a statement issued by Spurs to the financial markets, stating the team is “ceased to be in an acquisition window.”
He shared an image of the release on digital channels, remarking: “It was a privilege interacting with Tottenham Hotspur and the Lewis family's representatives over the past few months.
“I hold great respect for the organization, its leadership, and its followers, and hope for nothing but success.”
Spurs' leadership thanked the syndicate for its “positive engagement” in talks and for “acknowledging the definitive view” of the proprietors that the team is unavailable.
Brooklyn Earick is a one-time music presenter who also worked in aerospace studies for Nasa before founding Redacted RnD, which focuses on technology, entertainment, sports and leisure.
Earick's proposal was the latest inquiry turned down by the team's directors since the sudden departure of executive chairman Daniel Levy in the fall.
Earlier in September, the team rejected offers from previous club stakeholder the financier's the investment firm and a group headed by Kennedy and Ng through the holding company.
Levy and his family hold about a significant stake of Enic Holdings – which has an almost 87% shareholding in the club.
Levy was the the league's longest-serving chairman and is estimated to have made more than £50m during his long tenure in the position.
But he was also the subject of ongoing dissent by the club's followers, especially last term as Premier League performances turned out unsatisfactory.
The north London club won their initial silverware in nearly two decades when they defeated Manchester United in last season's continental decider.
Related Topics
- English top division
- The North London club
- Soccer
