Brooklyn Earick Dismisses Tottenham Hotspur Buyout Proposal Post-Initial Contact
The long-serving executive oversaw Spurs' move to the Tottenham Hotspur Stadium in the year 2019.
American tech entrepreneur Earick has dismissed making a formal takeover bid for Tottenham.
Spurs had earlier “firmly declined” an unofficial approach from a consortium headed by Brooklyn Earick last period and maintained the club was off the market.
But the nation's corporate governance laws dictated that, having had an expression of interest declined, the interested parties had to submit a bid by the October deadline or declare they would not do so.
Official word of the decision was issued in a announcement made by Tottenham to the stock exchange, indicating the team is “ceased to be in an takeover phase.”
Earick shared an picture of the statement on online platforms, remarking: “It's been a honor discussing with Spurs and the owners' delegates over the past few months.
“I maintain high regard for the club, its executives, and its supporters, and desire nothing but success.”
Tottenham's directors thanked the group for its “positive engagement” in discussions and for “honoring the clear position” of the proprietors that the organization is off the market.
Earick is a ex-disc jockey who also worked in spacecraft research for NASA before founding Redacted RnD, which concentrates on tech, media, athletics and entertainment.
His approach was the third inquiry rejected by the team's directors since the unexpected exit of long-serving chairman Daniel Levy in the fall.
In early fall, the team declined proposals from former Newcastle United shareholder Amanda Staveley's the investment firm and a group led by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited.
Levy and his relatives control about thirty percent of Enic Sports & Developments Holdings Ltd – which has an majority interest in Tottenham.
The executive was the Premier League's longest-serving chairman and is believed to have received in excess of fifty million pounds during his almost quarter of a century in the role.
However he was also the focus of ongoing dissent by the club's followers, notably last term as Premier League performances turned out unsatisfactory.
Spurs secured their first trophy in 17 years when they overcame United in last season's European final.
Connected Themes
- The Premier League
- The North London club
- Football
