The American entrepreneur Dismisses Tottenham Hotspur Buyout Proposal After Approach
The long-serving executive directed Spurs' relocation to the state-of-the-art venue in 2019.
US technology mogul Earick has ruled out submitting an official acquisition offer for Tottenham.
The club had previously âunequivocally rejectedâ an preliminary inquiry from a syndicate led by Brooklyn Earick last month and stated the organization was not for sale.
However British acquisition regulations stipulated that, after an expression of interest turned down, the group were obligated to present a formal offer by the October deadline or state they would not proceed.
Official word of the decision was made in a announcement released by the club to the financial markets, indicating the club is ânot in an takeover phase.â
He posted an image of the announcement on digital channels, remarking: âIt's been a pleasure engaging with Spurs and the owners' representatives over the past few months.
âI maintain high regard for the club, its executives, and its supporters, and hope for nothing but success.â
Spurs' leadership thanked the syndicate for its âconstructive approachâ in negotiations and for ârespecting the clear positionâ of the proprietors that the club is not for sale.
Brooklyn Earick is a one-time music presenter who also served in spacecraft research for Nasa before establishing his technology firm, which concentrates on technology, communications, sport and entertainment.
Earick's proposal was the third approach declined by the club's board since the sudden departure of executive chairman the former chairman in September.
In early fall, the club declined offers from former Newcastle United shareholder Amanda Staveley's the investment firm and a consortium headed by Roger Kennedy and Wing-Fai Ng through Firehawk Holdings.
Levy and his household own about 30% of Enic Sports & Developments Holdings Ltd â which has an nearly 87 percent interest in Spurs.
Levy was the English top flight's most enduring chair and is reported to have received in excess of fifty million pounds during his almost quarter of a century in the capacity.
But he was also the target of regular protests by the club's followers, particularly last term as Premier League performances proved disappointing.
The north London club claimed their first trophy in nearly two decades when they beat the Red Devils in the May European final.
Related Topics
- The Premier League
- The North London club
- The beautiful game
