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Tottenham Rejects £4.5bn Takeover Approach From Tech Mogul Brooklyn Earick Tottenham Rejects £4.5bn Takeover Approach From Tech Mogul Brooklyn Earick

Premier League

Tottenham Rejects £4.5bn Takeover Approach From Tech Mogul Brooklyn Earick

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‎Tottenham’s owners have firmly dismissed an expression of interest from American tech entrepreneur Brooklyn Earick to purchase the club.

‎Reports suggested Earick was preparing a record-breaking £4.5 billion bid. The offer would have surpassed the £4.25 billion deal paid by a U.S. consortium to acquire Chelsea in 2022.

‎Despite the speculation, Tottenham’s ownership has made clear they are not considering a sale.

‎Spurs’ majority owners, ENIC, which is run by the Lewis family trust, earlier this month rejected two other expressions of interest, including from former Newcastle co-owner Amanda Staveley’s PCP International Finance.

‎”The board of the club and ENIC reconfirm that Tottenham Hotspur is not for sale and ENIC is not looking to sell its stake in the club,” said a statement from the Spurs’ board to the London Stock Exchange.

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‎Earlier this month, Daniel Levy stepped down as Tottenham chairman after 24 years, as the Lewis family intensified their push for greater on-field success.

‎Tottenham ended a 17-year wait for silverware last season by winning the Europa League.

‎But that still was not enough to stop manager Ange Postecoglou from being sacked after finishing just outside the relegation zone in the Premier League.

‎The Sun claimed Earick’s bid included a £3.3 billion takeover bid plus a further £1.2 billion set aside for improving the Spurs squad.

‎However, Thomas Frank, who succeeded Postecoglou as Spurs manager, said the news was no distraction for his side ahead of Saturday’s Premier League clash against bottom-of-the-table Wolves.

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‎”The Lewis family has been very transparent, very good in the way they have communicated, and it’s very clear the club is not for sale,” said Frank.

‎”Personally, I feel in a very stable environment going into work every day.”