Earick Dismisses Spurs Acquisition Offer Following Expression of Interest
The former chairman oversaw Spurs' relocation to the Tottenham Hotspur Stadium in recent years.
Innovative business leader the entrepreneur has dismissed making a formal takeover bid for the North London club.
Tottenham had earlier “firmly declined” an informal expression of interest from a consortium led by the American last period and maintained the team was not for sale.
However British acquisition regulations dictated that, after an initial approach declined, Earick's consortium needed to make an offer by 24 October or declare they would not do so.
Confirmation of the determination was made in a statement issued by Spurs to the stock exchange, confirming the club is “ceased to be in an offer period.”
The entrepreneur published an picture of the release on social media, remarking: “It was a privilege interacting with Tottenham Hotspur and the Lewis family's agents over the past few months.
“I maintain great respect for the organization, its executives, and its followers, and desire only the best.”
Spurs' leadership acknowledged the group for its “constructive approach” in negotiations and for “respecting the firm stance” of the owners that the team is unavailable.
The entrepreneur is a one-time music presenter who also served in aerospace studies for NASA before founding the innovation company, which concentrates on tech, entertainment, athletics and entertainment.
The informal offer was the third approach turned down by the club's board since the unexpected exit of long-serving chairman the former chairman in last month.
Earlier in September, the team rejected offers from previous club stakeholder the financier's PCP International and a syndicate spearheaded by Roger Kennedy and Wing-Fai Ng through the holding company.
Levy and his relatives control about thirty percent of Enic Sports & Developments Holdings Ltd – which has an majority interest in Spurs.
He was the the league's most enduring chair and is reported to have earned in excess of fifty million pounds during his long tenure in the position.
Yet he was also the target of frequent demonstrations by the club's followers, particularly last term as domestic league results proved below expectations.
Tottenham secured their first trophy in nearly two decades when they defeated the Red Devils in last season's Europa League final.
Associated Subjects
- The Premier League
- The North London club
- Football
