Brooklyn Earick Rules Out Spurs Acquisition Offer Following Expression of Interest
Daniel Levy oversaw Spurs' relocation to the Tottenham Hotspur Stadium in 2019.
Innovative business leader the entrepreneur has dismissed submitting an official acquisition offer for Spurs.
The club had earlier “clearly turned down” an preliminary inquiry from a syndicate led by the American last period and insisted the club was not for sale.
Yet the nation's corporate governance laws dictated that, having had an expression of interest turned down, the interested parties needed to make an offer by late October or declare they would not do so.
Official word of the decision was made in a announcement released by Spurs to the financial markets, indicating the organization is “ceased to be in an takeover phase.”
He posted an image of the release on digital channels, remarking: “It was a honor engaging with Spurs and the owners' agents over the past few months.
“I hold high regard for the club, its executives, and its supporters, and wish them continued achievements.”
Spurs' leadership thanked the syndicate for its “constructive approach” in negotiations and for “honoring the clear position” of the owners that the club is unavailable.
The entrepreneur is a one-time music presenter who also was employed in spacecraft research for the space agency before establishing the innovation company, which specializes in innovation, entertainment, sports and entertainment.
His approach was the third expression of interest turned down by the organization's leadership since the sudden departure of long-serving chairman the former chairman in September.
In early fall, the organization declined proposals from previous club stakeholder the financier's PCP International Finance Limited and a consortium led by Roger Kennedy and Wing-Fai Ng through Firehawk Holdings.
Levy and his family hold about 30% of Enic Sports & Developments Holdings Ltd – which has an almost 87% interest in Tottenham.
He was the the league's top-tenured leader and is estimated to have earned in excess of fifty million pounds during his long tenure in the capacity.
But he was also the focus of ongoing dissent by Spurs fans, particularly last term as Premier League performances were unsatisfactory.
The north London club secured their major honor in nearly two decades when they overcame the Red Devils in the May continental decider.
Associated Subjects
- The Premier League
- Spurs
- Soccer
