Earick Rejects Tottenham Hotspur Acquisition Offer Following Expression of Interest
The long-serving executive oversaw Spurs' relocation to the Tottenham Hotspur Stadium in recent years.
Innovative business leader Earick has dismissed submitting an official acquisition offer for Spurs.
Spurs had earlier “unequivocally rejected” an informal expression of interest from a consortium headed by Brooklyn Earick last month and maintained the team was not for sale.
Yet British acquisition regulations dictated that, after an expression of interest turned down, the group were obligated to present a formal offer by 24 October or declare they would refrain.
Official word of the choice was issued in a announcement released by Spurs to the stock exchange, stating the team is “ceased to be in an takeover phase.”
He posted an image of the statement on social media, remarking: “I've had a honor discussing with Spurs and the owners' agents over the past few weeks.
“I maintain great respect for the club, its executives, and its fans, and wish them nothing but success.”
Tottenham's directors acknowledged the consortium for its “positive engagement” in talks and for “honoring the definitive view” of the shareholders that the organization is off the market.
Brooklyn Earick is a former DJ who also served in spacecraft research for Nasa before establishing his technology firm, which specializes in technology, entertainment, sport and leisure.
The informal offer was the latest inquiry declined by the organization's leadership since the unexpected exit of executive chairman Levy in the fall.
On 8 September, the team rejected proposals from ex-Newcastle investor the financier's PCP International Finance Limited and a syndicate led by Roger Kennedy and the co-investor through Firehawk Holdings Limited.
The former chairman and his family hold about 30% of Enic Holdings – which has an almost 87% interest in the club.
The executive was the the league's longest-serving chairman and is believed to have earned more than £50m during his long tenure in the role.
However he was also the subject of regular protests by Tottenham supporters, especially last term as Premier League performances proved unsatisfactory.
Spurs claimed their initial silverware in seventeen years when they overcame United in the May continental decider.
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