Brooklyn Earick Rejects Spurs Acquisition Offer After Approach

American tech entrepreneur the entrepreneur has ruled out submitting an official acquisition offer for Tottenham.

Spurs had previously “clearly turned down” an preliminary inquiry from a investment group spearheaded by Brooklyn Earick last period and stated the organization was not for sale.

But the nation's corporate governance laws dictated that, after an initial approach rejected, the group had to submit a bid by late October or declare they would not do so.

Official word of the choice was made in a statement made by Spurs to the financial markets, confirming the team is “not in an takeover phase.”

The entrepreneur shared an picture of the announcement on digital channels, stating: “It was a pleasure engaging with Tottenham Hotspur and the owners' representatives over the past few months.

“I maintain high regard for the club, its management, and its supporters, and desire only the best.”

Spurs' leadership expressed gratitude to the group for its “cooperative stance” in talks and for “honoring the firm stance” of the proprietors that the club is off the market.

The entrepreneur is a former DJ who also served in aerospace studies for Nasa before establishing Redacted RnD, which specializes in tech, media, sport and recreation.

The informal offer was the third approach turned down by the club's board since the abrupt resignation of long-serving chairman Daniel Levy in September.

On 8 September, the organization rejected approaches from ex-Newcastle investor Amanda Staveley's PCP International and a syndicate spearheaded by Dr Roger Kennedy and Ng through the holding company.

The former chairman and his family own about 30% of the parent company – which has an nearly 87 percent stake in Tottenham.

The executive was the the league's top-tenured leader and is believed to have made over £50 million during his long tenure in the role.

However he was also the target of ongoing dissent by Spurs fans, particularly last term as Premier League performances turned out disappointing.

Tottenham secured their initial silverware in nearly two decades when they beat United in last season's Europa League final.

Connected Themes

• English top division
• The North London club
• Soccer