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US technology mogul Brooklyn Earick has rejected making a formal takeover bid for Spurs.

The club had previously “firmly declined” an unofficial approach from a consortium led by Brooklyn Earick last period and stated the club was unavailable for purchase.

But the nation's corporate governance laws dictated that, having had an initial approach declined, the interested parties were obligated to present a formal offer by the October deadline or announce they would refrain.

Verification of the choice was made in a release issued by Tottenham to the stock exchange, stating the club is “no longer in an offer period.”

The entrepreneur shared an snapshot of the release on digital channels, remarking: “It's been a privilege discussing with Tottenham Hotspur and the owners' delegates over the past few weeks.

“I hold great respect for the team, its leadership, and its fans, and desire nothing but success.”

Tottenham's directors expressed gratitude to the group for its “cooperative stance” in negotiations and for “honoring the firm stance” of the shareholders that the organization is unavailable.

Earick is a former DJ who also served in aerospace studies for Nasa before creating his technology firm, which focuses on innovation, entertainment, athletics and entertainment.

Earick's proposal was the latest expression of interest rejected by the organization's leadership since the sudden departure of executive chairman Daniel Levy in last month.

In early fall, the organization rejected offers from previous club stakeholder Amanda Staveley's PCP International and a group led by Kennedy and Wing-Fai Ng through the holding company.

Daniel Levy and his family control about 30% of Enic Sports & Developments Holdings Ltd – which has an nearly 87 percent shareholding in Spurs.

He was the English top flight's longest-serving chairman and is believed to have received more than £50m during his long tenure in the role.

However he was also the target of ongoing dissent by Spurs fans, particularly last season as home competition outcomes were unsatisfactory.

Tottenham won their major honor in seventeen years when they defeated Manchester United in the May Europa League final.

Associated Subjects

• Premier League
• Spurs
• Football