🔗 Share this article The American entrepreneur Dismisses Spurs Buyout Proposal Following Expression of Interest The former chairman directed Tottenham's transition to the state-of-the-art venue in 2019. US technology mogul the entrepreneur has dismissed making a formal takeover bid for Spurs. Tottenham had before “firmly declined” an preliminary inquiry from a consortium led by Brooklyn Earick last month and maintained the organization was off the market. But the nation's corporate governance laws stipulated that, following an initial approach rejected, Earick's consortium were obligated to present a formal offer by 24 October or state they would not proceed. Official word of the decision was made in a announcement released by Tottenham to the stock exchange, stating the club is “ceased to be in an offer period.” The entrepreneur shared an picture of the release on social media, remarking: “It was a privilege discussing with Tottenham Hotspur and the Lewis family's representatives over the past few weeks. “I maintain deep admiration for the club, its leadership, and its fans, and hope for nothing but success.” Tottenham's directors expressed gratitude to the syndicate for its “positive engagement” in discussions and for “honoring the firm stance” of the shareholders that the organization is unavailable. Earick is a former DJ who also was employed in space technology for the space agency before creating his technology firm, which specializes in tech, entertainment, sports and recreation. His approach was the latest approach rejected by the club's board since the abrupt resignation of executive chairman the former chairman in last month. In early fall, the team declined proposals from former Newcastle United shareholder the financier's PCP International and a consortium spearheaded by Dr Roger Kennedy and Wing-Fai Ng through the holding company. Daniel Levy and his family hold about 30% of Enic Holdings – which has an almost 87% stake in Spurs. Levy was the English top flight's longest-serving chairman and is believed to have received over £50 million during his long tenure in the role. But he was also the subject of frequent demonstrations by Tottenham supporters, especially last season as domestic league results proved below expectations. Spurs won their major honor in nearly two decades when they beat United in last season's European final. Associated Subjects Premier League Tottenham Hotspur Soccer