Brooklyn Earick Rules Out Spurs Takeover Bid Post-Initial Contact
The long-serving executive managed Spurs' relocation to the state-of-the-art venue in recent years.
Innovative business leader Brooklyn Earick has dismissed submitting an official acquisition offer for Spurs.
The club had previously “firmly declined” an unofficial approach from a consortium headed by the American last month and maintained the club was not for sale.
Yet the nation's corporate governance laws stipulated that, after an expression of interest declined, the group had to submit a bid by 24 October or state they would refrain.
Official word of the determination was provided in a announcement released by the club to the stock exchange, stating the club is “not in an offer period.”
The entrepreneur posted an picture of the announcement on digital channels, adding: “I've had a privilege interacting with Spurs and the owners' representatives over the past few weeks.
“I have high regard for the organization, its leadership, and its fans, and hope for nothing but success.”
Spurs' leadership thanked the syndicate for its “positive engagement” in talks and for “respecting the firm stance” of the shareholders that the team is unavailable.
Earick is a ex-disc jockey who also worked in aerospace studies for the space agency before founding Redacted RnD, which focuses on tech, entertainment, athletics and leisure.
The informal offer was the third inquiry declined by the organization's leadership since the abrupt resignation of long-serving chairman Daniel Levy in September.
On 8 September, the club rejected approaches from ex-Newcastle investor Amanda Staveley's the investment firm and a consortium headed by Kennedy and Wing-Fai Ng through Firehawk Holdings Limited.
The former chairman and his household hold about 30% of Enic Sports & Developments Holdings Ltd – which has an almost 87% shareholding in Tottenham.
The executive was the Premier League's top-tenured leader and is estimated to have earned more than £50m during his almost quarter of a century in the role.
However he was also the focus of frequent demonstrations by Spurs fans, especially last campaign as home competition outcomes were below expectations.
The north London club secured their first trophy in 17 years when they beat United in May's Europa League final.
Connected Themes
- The Premier League
- Tottenham Hotspur
- The beautiful game
