🔗 Share this article Brooklyn Earick Rules Out Tottenham Hotspur Acquisition Offer After Approach The former chairman directed Spurs' relocation to the Tottenham Hotspur Stadium in 2019. US technology mogul Brooklyn Earick has ruled out submitting an official acquisition offer for Spurs. The club had before “firmly declined” an informal expression of interest from a consortium led by the American last month and maintained the team was unavailable for purchase. Yet UK takeover and merger rules required that, having had an expression of interest turned down, the group were obligated to present a formal offer by 24 October or announce they would refrain. Verification of the choice was issued in a statement made by the club to the London Stock Exchange, indicating the team is “ceased to be in an takeover phase.” The entrepreneur posted an picture of the announcement on social media, remarking: “I've had a privilege engaging with the club and the Lewis family's agents over the past few months. “I maintain deep admiration for the organization, its leadership, and its fans, and hope for nothing but success.” Tottenham's directors expressed gratitude to the group for its “constructive approach” in negotiations and for “respecting the firm stance” of the proprietors that the team is not for sale. The entrepreneur is a one-time music presenter who also worked in spacecraft research for Nasa before founding his technology firm, which specializes in technology, communications, sports and entertainment. The informal offer was the third inquiry declined by the organization's leadership since the abrupt resignation of top executive Daniel Levy in last month. On 8 September, the team declined proposals from previous club stakeholder the financier's the investment firm and a group led by Dr Roger Kennedy and the co-investor through the holding company. The former chairman and his family own about 30% of Enic Holdings – which has an majority shareholding in the club. He was the the league's longest-serving chairman and is estimated to have received over £50 million during his long tenure in the position. Yet he was also the target of frequent demonstrations by Tottenham supporters, particularly last campaign as domestic league results proved disappointing. The north London club secured their first trophy in nearly two decades when they defeated United in May's continental decider. Related Topics English top division Spurs Soccer