🔗 Share this article

American tech entrepreneur Brooklyn Earick has ruled out making a formal takeover bid for the North London club.

Spurs had previously “unequivocally rejected” an informal expression of interest from a syndicate headed by the American last month and maintained the club was not for sale.

But British acquisition regulations stipulated that, after an initial approach turned down, Earick's consortium needed to make an offer by the October deadline or state they would refrain.

Verification of the decision was made in a statement issued by the club to the financial markets, indicating the team is “not in an offer period.”

Earick posted an image of the announcement on social media, stating: “It was a honor interacting with Tottenham Hotspur and the owners' representatives over the past few weeks.

“I have deep admiration for the organization, its management, and its fans, and hope for nothing but success.”

Tottenham's directors acknowledged the consortium for its “constructive approach” in negotiations and for “respecting the clear position” of the shareholders that the club is off the market.

The entrepreneur is a ex-disc jockey who also served in space technology for the space agency before establishing the innovation company, which specializes in tech, communications, sports and entertainment.

Earick's proposal was the third inquiry rejected by the club's board since the sudden departure of executive chairman the former chairman in last month.

In early fall, the organization declined proposals from ex-Newcastle investor Amanda Staveley's PCP International Finance Limited and a syndicate led by Kennedy and Wing-Fai Ng through the holding company.

The former chairman and his household hold about 30% of the parent company – which has an almost 87% stake in the club.

The executive was the the league's most enduring chair and is believed to have made over £50 million during his long tenure in the position.

But he was also the target of ongoing dissent by the club's followers, especially last campaign as domestic league results were disappointing.

Spurs claimed their first trophy in nearly two decades when they overcame the Red Devils in May's Europa League final.

Related Topics

• English top division
• Tottenham Hotspur
• Football