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

Tottenham have “unequivocally rejected” a casual expression of curiosity from a consortium led by American tech entrepreneur Brooklyn Earick.It’s the third expression of curiosity rejected by the membership’s board for the reason that sudden departure of govt chairman Daniel Levy earlier this month.In a press release, Enic Sports activities & Developments Holdings Ltd – which has an virtually 87% stake in Tottenham – mentioned it wished to “reconfirm that Tottenham Hotspur is just not on the market and Enic is just not trying to promote its stake within the membership”.Earick has fuelled hypothesis by posting a picture of the dressing room on the Tottenham Hotspur Stadium on social media, together with a timer counting down the 27 days to 24 October.UK takeover and merger guidelines dictate that, having had an expression of curiosity rejected, Earick’s consortium should make a proposal by that date or announce he’s not intending to take action.Earick is a former DJ who additionally labored in spacecraft analysis for NASA earlier than founding Redacted RnD, which focuses on expertise, media, sport and leisure.The household of UK businessman Joe Lewis personal nearly all of Enic, whereas about 30% is held by Levy and his household.A supply near the Lewis household additionally reiterated that the membership is just not on the market and mentioned “this unsolicited and pointless curiosity does nothing to vary the household’s resolve and dedication to do no matter it takes to drive success on the pitch”.On 8 September, the membership rejected approaches from former Newcastle United shareholder Amanda Staveley’s PCP Worldwide Finance Restricted and a consortium led by Dr Roger Kennedy and Wing-Fai Ng via Firehawk Holdings Restricted.Tottenham supervisor Thomas Frank says he has obtained assurances about the way forward for the membership from the Lewis household and chief govt Vinai Venkatesham.”The Lewis household has been very clear, excellent in the way in which they’ve communicated and it is very clear the membership is just not on the market,” he mentioned.”Vinai, on prime of all the things, could be very clear and for me, personally, I really feel in a really secure setting going into work daily.”Levy was the Premier League’s longest-serving chairman and is estimated to have earned greater than £50m ($67.5m) throughout his virtually quarter of a century within the function.However he was additionally the goal of normal protests by Spurs followers, particularly final season.The north London membership received their first trophy in 16 years after they beat Manchester United in Might’s Europa League ultimate.