Brooklyn Earick Rules Out Spurs Acquisition Offer Following Expression of Interest
The long-serving executive managed Spurs' relocation to the club's new home in the year 2019.
US technology mogul Brooklyn Earick has ruled out launching a buyout proposal for the North London club.
Spurs had earlier “unequivocally rejected” an informal expression of interest from a consortium headed by Brooklyn Earick last month and insisted the organization was unavailable for purchase.
However the nation's corporate governance laws stipulated that, having had an informal proposal declined, the interested parties needed to make an offer by the October deadline or declare they would not do so.
Official word of the determination was issued in a release released by the club to the London Stock Exchange, indicating the club is “ceased to be in an acquisition window.”
Earick published an image of the statement on social media, adding: “It was a privilege interacting with the club and the owners' delegates over the past few months.
“I hold great respect for the club, its executives, and its supporters, and hope for nothing but success.”
Tottenham's directors expressed gratitude to the syndicate for its “positive engagement” in negotiations and for “acknowledging the firm stance” of the shareholders that the organization is unavailable.
Brooklyn Earick is a ex-disc jockey who also served in aerospace studies for NASA before creating his technology firm, which specializes in technology, media, sport and recreation.
His approach was the latest approach rejected by the team's directors since the unexpected exit of top executive Daniel Levy in last month.
In early fall, the club turned down offers from ex-Newcastle investor Amanda Staveley's PCP International Finance Limited and a syndicate led by Roger Kennedy and Ng through the holding company.
The former chairman and his relatives hold about a significant stake of Enic Sports & Developments Holdings Ltd – which has an nearly 87 percent shareholding in Tottenham.
He was the English top flight's top-tenured leader and is estimated to have made over £50 million during his almost quarter of a century in the role.
Yet he was also the subject of regular protests by Spurs fans, particularly last season as domestic league results proved disappointing.
The north London club claimed their first trophy in 17 years when they beat United in last season's continental decider.
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