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Tottenham reject buyout interest from third consortium led by US tech entrepreneur

Tottenham reject buyout interest from third consortium led by US tech entrepreneur Tottenham reject buyout interest from third consortium led by US tech entrepreneur



Tottenham have “unequivocally rejected” an informal expression of interest from a consortium led by American tech entrepreneur Brooklyn Earick.It is the third expression of interest rejected by the club’s board since the sudden departure of executive chairman Daniel Levy earlier this month.In a statement, Enic Sports & Developments Holdings Ltd – which has an almost 87% stake in Tottenham – said it wanted to “reconfirm that Tottenham Hotspur is not for sale and Enic is not looking to sell its stake in the club”.Earick has fuelled speculation by posting an image of the dressing room at the Tottenham Hotspur Stadium on social media, including a timer counting down the 27 days to 24 October.UK takeover and merger rules dictate that, having had an expression of interest rejected, Earick’s consortium must make an offer by that date or announce he is not intending to do so.Earick is a former DJ who also worked in spacecraft research for NASA before founding Redacted RnD, which focuses on technology, media sport and entertainment.The family of UK businessman Joe Lewis own the majority of Enic, while about 30% is held by Levy and his family.A source close to the Lewis family also reiterated that the club is not for sale and said “this unsolicited and unnecessary interest does nothing to change the family’s resolve and commitment to do whatever it takes to drive success on the pitch”.On 8 September, the club rejected approaches from former Newcastle United shareholder Amanda Staveley’s PCP International Finance Limited and a consortium led by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited.Levy was the Premier League’s longest-serving chairman and is estimated to have earned more than £50m ($67.5m) during his almost quarter of a century in the role.But he was also the target of regular protests by Spurs fans, especially last season.The north London club won their first trophy in 16 years when they beat Manchester United in May’s Europa League final.



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