Earick Dismisses Tottenham Hotspur Takeover Bid After Approach
The former chairman oversaw Spurs' move to the state-of-the-art venue in recent years.
Innovative business leader the entrepreneur has ruled out launching a buyout proposal for Tottenham.
The club had earlier “unequivocally rejected” an preliminary inquiry from a investment group headed by Brooklyn Earick last period and stated the organization was off the market.
But the nation's corporate governance laws stipulated that, having had an initial approach declined, the group were obligated to present a formal offer by 24 October or announce they would not proceed.
Verification of the determination was made in a release made by the club to the stock exchange, stating the team is “not in an acquisition window.”
The entrepreneur published an snapshot of the statement on online platforms, remarking: “I've had a pleasure interacting with Tottenham Hotspur and the Lewis family's delegates over the past few months.
“I hold deep admiration for the team, its management, and its fans, and hope for only the best.”
Spurs' leadership expressed gratitude to the consortium for its “constructive approach” in negotiations and for “acknowledging the clear position” of the proprietors that the club is not for sale.
Earick is a ex-disc jockey who also was employed in space technology for Nasa before creating his technology firm, which focuses on innovation, media, sports and leisure.
Earick's proposal was the latest inquiry turned down by the organization's leadership since the sudden departure of top executive Daniel Levy in last month.
Earlier in September, the team declined proposals from ex-Newcastle investor Staveley's PCP International and a consortium headed by Roger Kennedy and the co-investor through the holding company.
Levy and his relatives control about thirty percent of Enic Holdings – which has an nearly 87 percent interest in Tottenham.
Levy was the English top flight's longest-serving chairman and is estimated to have received more than £50m during his long tenure in the capacity.
However he was also the target of regular protests by the club's followers, especially last campaign as Premier League performances were disappointing.
Tottenham won their major honor in 17 years when they beat Manchester United in last season's European final.
Associated Subjects
- Premier League
- The North London club
- The beautiful game
