🔗 Share this article Earick Rejects Tottenham Hotspur Acquisition Offer Post-Initial Contact Daniel Levy directed Spurs' transition to the club's new home in the year 2019. US technology mogul Earick has ruled out launching a buyout proposal for Spurs. Spurs had previously “firmly declined” an unofficial approach from a syndicate headed by Brooklyn Earick last period and insisted the organization was unavailable for purchase. Yet the nation's corporate governance laws stipulated that, after an initial approach rejected, the interested parties needed to make an offer by the October deadline or announce they would refrain. Confirmation of the decision was made in a announcement made by the club to the London Stock Exchange, confirming the organization is “ceased to be in an takeover phase.” He posted an snapshot of the release on digital channels, remarking: “It's been a honor engaging with Spurs and the owners' representatives over the past few months. “I have high regard for the club, its leadership, and its fans, and wish them nothing but success.” Tottenham's directors expressed gratitude to the syndicate for its “positive engagement” in talks and for “respecting the clear position” of the owners that the club is not for sale. Brooklyn Earick is a one-time music presenter who also worked in spacecraft research for Nasa before founding the innovation company, which concentrates on tech, media, sport and entertainment. Earick's proposal was the third expression of interest turned down by the team's directors since the unexpected exit of long-serving chairman Levy in the fall. Earlier in September, the team turned down offers from former Newcastle United shareholder Amanda Staveley's the investment firm and a syndicate spearheaded by Dr Roger Kennedy and the co-investor through Firehawk Holdings Limited. Levy and his household own about a significant stake of the parent company – which has an almost 87% stake in Tottenham. The executive was the Premier League's top-tenured leader and is believed to have earned over £50 million during his almost quarter of a century in the role. However he was also the target of ongoing dissent by the club's followers, especially last term as Premier League performances turned out unsatisfactory. Tottenham claimed their major honor in nearly two decades when they overcame Manchester United in May's continental decider. Related Topics Premier League The North London club The beautiful game