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American tech entrepreneur Brooklyn Earick has confirmed he will no longer pursue a formal offer to buy Tottenham Hotspur, choosing to drop his takeover bid after the football club previously turned down his consortium’s informal proposal last month.
UK takeover regulations required Earick’s group to either submit a formal offer by October 24 or withdraw interest following the club’s rejection.
Tottenham announced to the London Stock Exchange that it is “no longer in an offer period.”
Earick shared the statement online, expressing admiration for the club, its leadership, and supporters, and wishing them success.
Tottenham’s board, meanwhile, thanked the consortium for its “constructive approach” and for respecting the owners’ position that the club is not for sale.
The approach was the third rejected since the sudden departure of long-serving chairman Daniel Levy in September.
Earlier offers came from Amanda Staveley’s PCP International Finance Limited and a consortium led by Dr Roger Kennedy and Wing-Fai Ng.
Levy and his family own around 30% of Enic Sports & Developments Holdings Ltd, which holds an 87% stake in the north London club.
Tottenham recently ended a 16-year trophy drought by winning the Europa League final against Manchester United in May.
