Earick Dismisses Tottenham Hotspur Buyout Proposal Post-Initial Contact
The long-serving executive oversaw Spurs' relocation to the state-of-the-art venue in the year 2019.
American tech entrepreneur the entrepreneur has dismissed submitting an official acquisition offer for the North London club.
Spurs had previously “firmly declined” an preliminary inquiry from a investment group spearheaded by Earick last period and insisted the organization was unavailable for purchase.
However UK takeover and merger rules required that, after an expression of interest declined, Earick's consortium needed to make an offer by late October or state they would not proceed.
Verification of the decision was made in a release made by Tottenham to the London Stock Exchange, confirming the team is “not in an acquisition window.”
Earick shared an snapshot of the statement on social media, stating: “It's been a privilege discussing with Spurs and the owners' agents over the past few months.
“I hold great respect for the organization, its leadership, and its followers, and hope for nothing but success.”
Tottenham's directors thanked the consortium for its “positive engagement” in talks and for “acknowledging the definitive view” of the owners that the organization is unavailable.
Earick is a one-time music presenter who also was employed in aerospace studies for the space agency before creating his technology firm, which focuses on technology, communications, sports and entertainment.
His approach was the latest inquiry declined by the organization's leadership since the sudden departure of top executive the former chairman in the fall.
In early fall, the team turned down proposals from former Newcastle United shareholder Staveley's the investment firm and a group headed by Kennedy and the co-investor through the holding company.
Daniel Levy and his relatives hold about thirty percent of Enic Holdings – which has an nearly 87 percent shareholding in Spurs.
Levy was the Premier League's longest-serving chairman and is reported to have made in excess of fifty million pounds during his long tenure in the position.
But he was also the focus of ongoing dissent by Tottenham supporters, especially last campaign as Premier League performances were unsatisfactory.
The north London club claimed their initial silverware in nearly two decades when they overcame United in last season's continental decider.
Connected Themes
- English top division
- The North London club
- The beautiful game
