The American entrepreneur Rejects Tottenham Hotspur Takeover Bid After Approach
The former chairman oversaw Tottenham's move to the state-of-the-art venue in the year 2019.
American tech entrepreneur the entrepreneur has dismissed making a formal takeover bid for Spurs.
The club had previously “unequivocally rejected” an preliminary inquiry from a syndicate spearheaded by Earick last month and maintained the organization was not for sale.
But the nation's corporate governance laws required that, having had an informal proposal rejected, the group needed to make an offer by 24 October or state they would not do so.
Official word of the choice was issued in a announcement issued by Tottenham to the London Stock Exchange, stating the team is “not in an acquisition window.”
The entrepreneur published an snapshot of the release on social media, remarking: “I've had a privilege engaging with the club and the Lewis family's delegates over the past few weeks.
“I maintain deep admiration for the team, its management, and its followers, and wish them only the best.”
The club's board thanked the syndicate for its “constructive approach” in discussions and for “respecting the clear position” of the proprietors that the organization is not for sale.
Earick is a ex-disc jockey who also was employed in spacecraft research for the space agency before creating the innovation company, which specializes in tech, communications, athletics and entertainment.
His approach was the latest expression of interest rejected by the club's board since the sudden departure of long-serving chairman Daniel Levy in September.
Earlier in September, the organization rejected offers from ex-Newcastle investor Amanda Staveley's PCP International Finance Limited and a syndicate headed by Kennedy and Wing-Fai Ng through Firehawk Holdings Limited.
Daniel Levy and his relatives hold about thirty percent of the parent company – which has an majority interest in the club.
He was the the league's longest-serving chairman and is estimated to have earned in excess of fifty million pounds during his nearly 25 years in the position.
Yet he was also the focus of frequent demonstrations by the club's followers, especially last campaign as home competition outcomes turned out disappointing.
Tottenham won their first trophy in seventeen years when they beat the Red Devils in last season's European final.
Associated Subjects
- Premier League
- Tottenham Hotspur
- Soccer
