🔗 Share this article Brooklyn Earick Rules Out Tottenham Hotspur Buyout Proposal After Approach The former chairman managed Spurs' transition to the club's new home in the year 2019. American tech entrepreneur Earick has rejected submitting an official acquisition offer for the North London club. Tottenham had previously “firmly declined” an preliminary inquiry from a syndicate led by the American last month and insisted the club was not for sale. Yet UK takeover and merger rules stipulated that, having had an informal proposal declined, the group needed to make an offer by 24 October or state they would refrain. Official word of the choice was made in a release made by Tottenham to the London Stock Exchange, confirming the club is “no longer in an offer period.” Earick published an picture of the release on online platforms, adding: “I've had a honor interacting with the club and the Lewis family's delegates over the past few months. “I have high regard for the team, its executives, and its fans, and hope for continued achievements.” The club's board acknowledged the syndicate for its “positive engagement” in negotiations and for “respecting the definitive view” of the proprietors that the organization is off the market. Earick is a ex-disc jockey who also was employed in spacecraft research for the space agency before creating the innovation company, which focuses on innovation, communications, sport and recreation. His approach was the third inquiry declined by the club's board since the sudden departure of long-serving chairman the former chairman in last month. Earlier in September, the organization rejected offers from former Newcastle United shareholder the financier's the investment firm and a group led by Kennedy and the co-investor through Firehawk Holdings Limited. The former chairman and his relatives own about 30% of the parent company – which has an nearly 87 percent stake in the club. Levy was the Premier League's most enduring chair and is reported to have made in excess of fifty million pounds during his long tenure in the capacity. However he was also the target of frequent demonstrations by Tottenham supporters, especially last season as domestic league results were disappointing. Tottenham won their first trophy in seventeen years when they overcame United in May's continental decider. Connected Themes Premier League Tottenham Hotspur Soccer