Brooklyn Earick Rejects Spurs Acquisition Offer Post-Initial Contact
Daniel Levy managed Tottenham's relocation to the Tottenham Hotspur Stadium in recent years.
Innovative business leader Earick has rejected making a formal takeover bid for the North London club.
Tottenham had previously “unequivocally rejected” an unofficial approach from a investment group led by Earick last period and maintained the organization was not for sale.
But the nation's corporate governance laws dictated that, after an informal proposal rejected, Earick's consortium were obligated to present a formal offer by the October deadline or declare they would refrain.
Verification of the decision was made in a announcement made by the club to the financial markets, confirming the organization is “ceased to be in an offer period.”
The entrepreneur shared an picture of the announcement on online platforms, adding: “It's been a privilege engaging with Tottenham Hotspur and the owners' agents over the past few months.
“I maintain high regard for the club, its executives, and its supporters, and desire only the best.”
Tottenham's directors expressed gratitude to the consortium for its “positive engagement” in negotiations and for “honoring the firm stance” of the proprietors that the organization is unavailable.
Brooklyn Earick is a former DJ who also worked in spacecraft research for NASA before creating his technology firm, which focuses on technology, communications, sports and recreation.
The informal offer was the third approach declined by the team's directors since the sudden departure of long-serving chairman Levy in the fall.
In early fall, the club turned down approaches from previous club stakeholder Staveley's PCP International and a group spearheaded by Kennedy and Ng through the holding company.
Daniel Levy and his relatives own about 30% of Enic Sports & Developments Holdings Ltd – which has an nearly 87 percent interest in Spurs.
He was the English top flight's most enduring chair and is estimated to have made in excess of fifty million pounds during his almost quarter of a century in the position.
Yet he was also the target of regular protests by the club's followers, notably last season as home competition outcomes were disappointing.
Spurs claimed their first trophy in 17 years when they beat United in May's Europa League final.
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- The Premier League
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