🔗 Share this article

American tech entrepreneur Brooklyn Earick has dismissed making a formal takeover bid for Tottenham.

Tottenham had earlier “firmly declined” an preliminary inquiry from a investment group spearheaded by the American last month and maintained the club was not for sale.

However UK takeover and merger rules dictated that, after an informal proposal declined, the interested parties were obligated to present a formal offer by 24 October or state they would not proceed.

Official word of the choice was made in a announcement released by Spurs to the financial markets, indicating the team is “not in an takeover phase.”

He posted an image of the statement on online platforms, adding: “It was a privilege interacting with the club and the Lewis family's delegates over the past few months.

“I maintain great respect for the team, its management, and its fans, and desire nothing but success.”

The club's board expressed gratitude to the consortium for its “positive engagement” in talks and for “respecting the clear position” of the owners that the team is not for sale.

The entrepreneur is a former DJ who also worked in spacecraft research for Nasa before creating the innovation company, which focuses on technology, media, sport and recreation.

The informal offer was the third inquiry rejected by the club's board since the unexpected exit of long-serving chairman the former chairman in the fall.

On 8 September, the club rejected offers from ex-Newcastle investor the financier's PCP International Finance Limited and a consortium spearheaded by Dr Roger Kennedy and Wing-Fai Ng through the holding company.

Daniel Levy and his family control about a significant stake of Enic Sports & Developments Holdings Ltd – which has an almost 87% stake in Spurs.

He was the English top flight's most enduring chair and is estimated to have earned over £50 million during his long tenure in the capacity.

Yet he was also the subject of regular protests by Spurs fans, particularly last season as Premier League performances were disappointing.

Tottenham won their first trophy in 17 years when they overcame the Red Devils in last season's Europa League final.

Associated Subjects

• The Premier League
• Tottenham Hotspur
• Soccer