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Innovative business leader Earick has rejected making a formal takeover bid for Spurs.

Spurs had before “unequivocally rejected” an informal expression of interest from a consortium led by Brooklyn Earick last month and insisted the organization was unavailable for purchase.

But British acquisition regulations dictated that, after an initial approach rejected, Earick's consortium had to submit a bid by 24 October or state they would refrain.

Official word of the decision was issued in a announcement issued by Spurs to the stock exchange, indicating the organization is “ceased to be in an acquisition window.”

He posted an image of the statement on digital channels, stating: “It was a honor discussing with the club and the owners' agents over the past few months.

“I have deep admiration for the organization, its leadership, and its followers, and wish them nothing but success.”

Spurs' leadership acknowledged the syndicate for its “positive engagement” in talks and for “respecting the firm stance” of the shareholders that the club is unavailable.

Earick is a one-time music presenter who also served in space technology for the space agency before creating Redacted RnD, which specializes in technology, entertainment, athletics and leisure.

His approach was the third inquiry rejected by the club's board since the unexpected exit of executive chairman Levy in last month.

In early fall, the team turned down offers from former Newcastle United shareholder Staveley's the investment firm and a consortium headed by Dr Roger Kennedy and the co-investor through Firehawk Holdings Limited.

The former chairman and his household own about a significant stake of Enic Sports & Developments Holdings Ltd – which has an nearly 87 percent stake in Tottenham.

The executive was the the league's top-tenured leader and is believed to have earned in excess of fifty million pounds during his almost quarter of a century in the position.

However he was also the focus of ongoing dissent by the club's followers, especially last term as Premier League performances proved unsatisfactory.

The north London club won their first trophy in nearly two decades when they beat the Red Devils in the May continental decider.

Related Topics

• Premier League
• Spurs
• Soccer