🔗 Share this article The American entrepreneur Dismisses Spurs Takeover Bid Following Expression of Interest The former chairman managed Tottenham's move to the Tottenham Hotspur Stadium in recent years. Innovative business leader Earick has dismissed making a formal takeover bid for Tottenham. Spurs had before “unequivocally rejected” an preliminary inquiry from a syndicate headed by Brooklyn Earick last period and insisted the team was unavailable for purchase. However UK takeover and merger rules dictated that, following an expression of interest declined, Earick's consortium were obligated to present a formal offer by the October deadline or state they would not do so. Confirmation of the determination was provided in a release issued by Tottenham to the financial markets, confirming the club is “not in an takeover phase.” The entrepreneur shared an image of the release on online platforms, stating: “It was a honor engaging with Tottenham Hotspur and the owners' representatives over the past few months. “I maintain high regard for the team, its leadership, and its fans, and hope for continued achievements.” Spurs' leadership expressed gratitude to the consortium for its “constructive approach” in negotiations and for “honoring the definitive view” of the proprietors that the club is off the market. Earick is a one-time music presenter who also worked in spacecraft research for the space agency before establishing Redacted RnD, which focuses on innovation, communications, sports and leisure. His approach was the third expression of interest turned down by the club's board since the sudden departure of top executive Levy in the fall. On 8 September, the team declined approaches from ex-Newcastle investor Amanda Staveley's the investment firm and a consortium spearheaded by Kennedy and Ng through Firehawk Holdings Limited. The former chairman and his household own about 30% of Enic Holdings – which has an majority stake in the club. The executive was the Premier League's most enduring chair and is estimated to have earned over £50 million during his nearly 25 years in the role. But he was also the subject of regular protests by Tottenham supporters, particularly last season as Premier League performances proved disappointing. Spurs secured their major honor in nearly two decades when they defeated Manchester United in last season's continental decider. Associated Subjects The Premier League Tottenham Hotspur The beautiful game