American tech tycoon Brooklyn Earick has officially ended speculation over a potential Tottenham Hotspur takeover, confirming he will not make a formal bid for the north London club.
Tottenham revealed last month that it had “unequivocally rejected” an informal approach from a consortium led by Earick, insisting once again that the club is “not for sale”.
Under UK takeover rules, Earick’s group had until 24 October to either submit a firm offer or walk away. The club has now confirmed to the London Stock Exchange that it is “no longer in an offer period”, ending weeks of swirling rumours about a possible change in ownership.
Earick later posted an image of Tottenham’s statement on social media, writing: “It’s been a privilege engaging with Tottenham Hotspur and the Lewis family’s representatives over the past few months. I have great respect for the club, its leadership, and its supporters, and wish them nothing but success.”
Tottenham’s board responded by thanking Earick’s consortium for what it called a “constructive approach” and for respecting the owners’ clear position that the club is not for sale.
Earick, a colourful figure who once worked as a DJ before a stint in spacecraft research for Nasa, is the founder of Redacted RnD, a company involved in technology, media, sport and entertainment. His interest in Spurs marked the third time the club’s hierarchy has turned away would-be buyers in recent weeks.
On 8 September, Tottenham rejected two other takeover attempts one from Amanda Staveley’s PCP International Finance Limited and another from a consortium fronted by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited.
The approaches followed the shock exit of long-serving executive chairman Daniel Levy, whose resignation in early September brought an end to nearly 25 years in charge. Levy, whose family holds around 30 per cent of Enic Sports & Developments Holdings Ltd the company owning almost 87 per cent of Tottenham was the Premier League’s longest-serving chairman. He is believed to have earned more than £50 million during his reign.
Despite overseeing years of financial stability and the construction of Spurs’ £1 billion stadium, Levy often faced the wrath of fans frustrated by trophy droughts and inconsistent performances.
That pressure eased slightly in May when Tottenham ended their 16-year wait for silverware, defeating Manchester United in the Europa League final.
Earick’s withdrawal ends yet another chapter in the club’s turbulent recent history, but the message from Tottenham’s board could not be clearer the club remains firmly under current ownership, and no sale is on the horizon.
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