🔗 Share this article The American entrepreneur Rules Out Spurs Takeover Bid Following Expression of Interest Daniel Levy managed Spurs' relocation to the Tottenham Hotspur Stadium in the year 2019. Innovative business leader Earick has dismissed making a formal takeover bid for Tottenham. Tottenham had earlier “firmly declined” an preliminary inquiry from a syndicate spearheaded by Earick last month and insisted the organization was unavailable for purchase. But British acquisition regulations stipulated that, after an informal proposal rejected, the interested parties needed to make an offer by late October or declare they would not proceed. Official word of the decision was provided in a statement made by Spurs to the stock exchange, indicating the club is “not in an offer period.” Earick posted an snapshot of the release on social media, adding: “It's been a pleasure engaging with the club and the Lewis family's agents over the past few weeks. “I maintain deep admiration for the organization, its leadership, and its followers, and hope for only the best.” The club's board expressed gratitude to the syndicate for its “constructive approach” in talks and for “honoring the clear position” of the proprietors that the organization is off the market. Earick is a ex-disc jockey who also served in aerospace studies for Nasa before creating the innovation company, which focuses on innovation, communications, sports and leisure. The informal offer was the latest inquiry turned down by the club's board since the unexpected exit of executive chairman Levy in the fall. Earlier in September, the team turned down offers from former Newcastle United shareholder Amanda Staveley's PCP International and a syndicate spearheaded by Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited. The former chairman and his relatives own about a significant stake of Enic Sports & Developments Holdings Ltd – which has an almost 87% shareholding in Tottenham. The executive was the English top flight's most enduring chair and is reported to have received over £50 million during his long tenure in the role. Yet he was also the target of ongoing dissent by Tottenham supporters, particularly last term as home competition outcomes were disappointing. Tottenham won their major honor in seventeen years when they defeated United in the May European final. Related Topics Premier League Tottenham Hotspur Soccer