The American entrepreneur Rules Out Tottenham Hotspur Acquisition Offer Following Expression of Interest
Daniel Levy managed Tottenham's relocation to the state-of-the-art venue in 2019.
Innovative business leader Brooklyn Earick has rejected making a formal takeover bid for Tottenham.
Tottenham had before “clearly turned down” an unofficial approach from a syndicate spearheaded by the American last month and insisted the club was unavailable for purchase.
But UK takeover and merger rules dictated that, having had an initial approach declined, the interested parties were obligated to present a formal offer by late October or state they would not do so.
Official word of the decision was provided in a statement issued by Spurs to the stock exchange, indicating the organization is “no longer in an offer period.”
The entrepreneur published an picture of the release on digital channels, remarking: “It was a pleasure engaging with the club and the Lewis family's agents over the past few months.
“I have deep admiration for the team, its executives, and its supporters, and desire only the best.”
Spurs' leadership expressed gratitude to the consortium for its “positive engagement” in discussions and for “acknowledging the definitive view” of the shareholders that the team is off the market.
Brooklyn Earick is a ex-disc jockey who also served in aerospace studies for the space agency before establishing his technology firm, which concentrates on innovation, communications, athletics and leisure.
His approach was the third expression of interest declined by the team's directors since the sudden departure of long-serving chairman Levy in last month.
Earlier in September, the club declined proposals from ex-Newcastle investor Staveley's the investment firm and a consortium spearheaded by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited.
Daniel Levy and his family own about thirty percent of the parent company – which has an nearly 87 percent shareholding in the club.
He was the English top flight's top-tenured leader and is reported to have earned over £50 million during his nearly 25 years in the role.
Yet he was also the subject of ongoing dissent by Tottenham supporters, notably last campaign as Premier League performances proved unsatisfactory.
Spurs secured their major honor in 17 years when they beat Manchester United in May's continental decider.
Associated Subjects
- Premier League
- The North London club
- The beautiful game
