Brooklyn Earick Dismisses Spurs Buyout Proposal Following Expression of Interest
The former chairman managed Spurs' transition to the club's new home in the year 2019.
US technology mogul Brooklyn Earick has ruled out submitting an official acquisition offer for the North London club.
The club had earlier “unequivocally rejected” an preliminary inquiry from a syndicate led by the American last month and insisted the team was not for sale.
Yet the nation's corporate governance laws stipulated that, following an initial approach declined, the group needed to make an offer by 24 October or state they would not do so.
Official word of the determination was provided in a announcement issued by Tottenham to the financial markets, confirming the team is “not in an offer period.”
He published an snapshot of the announcement on social media, remarking: “It was a privilege discussing with Spurs and the Lewis family's delegates over the past few months.
“I hold great respect for the organization, its executives, and its fans, and desire only the best.”
Spurs' leadership acknowledged the consortium for its “cooperative stance” in discussions and for “respecting the definitive view” of the owners that the team is not for sale.
Brooklyn Earick is a one-time music presenter who also worked in spacecraft research for NASA before establishing his technology firm, which specializes in technology, media, sport and entertainment.
The informal offer was the latest inquiry turned down by the club's board since the sudden departure of top executive Daniel Levy in September.
On 8 September, the team rejected offers from previous club stakeholder the financier's PCP International and a syndicate led by Kennedy and the co-investor through Firehawk Holdings.
The former chairman and his relatives control about 30% of Enic Sports & Developments Holdings Ltd – which has an almost 87% stake in the club.
He was the the league's longest-serving chairman and is estimated to have made in excess of fifty million pounds during his long tenure in the capacity.
Yet he was also the subject of regular protests by Spurs fans, particularly last season as home competition outcomes proved unsatisfactory.
The north London club won their major honor in 17 years when they defeated Manchester United in last season's European final.
Associated Subjects
- Premier League
- Tottenham Hotspur
- The beautiful game
