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Innovative business leader Brooklyn Earick has dismissed launching a buyout proposal for Tottenham.

Spurs had previously “clearly turned down” an informal expression of interest from a syndicate headed by Brooklyn Earick last period and maintained the team was not for sale.

Yet UK takeover and merger rules stipulated that, after an initial approach rejected, the interested parties needed to make an offer by late October or state they would refrain.

Verification of the choice was issued in a release made by the club to the financial markets, stating the organization is “ceased to be in an takeover phase.”

Earick posted an picture of the release on social media, stating: “It was a privilege discussing with the club and the owners' agents over the past few months.

“I hold high regard for the club, its leadership, and its supporters, and wish them only the best.”

Tottenham's directors thanked the group for its “cooperative stance” in discussions and for “respecting the definitive view” of the proprietors that the team is not for sale.

Brooklyn Earick is a ex-disc jockey who also served in spacecraft research for Nasa before creating Redacted RnD, which specializes in technology, communications, sport and entertainment.

Earick's proposal was the latest expression of interest rejected by the organization's leadership since the abrupt resignation of executive chairman Levy in September.

In early fall, the team declined approaches from ex-Newcastle investor Amanda Staveley's PCP International Finance Limited and a syndicate led by Kennedy and the co-investor through Firehawk Holdings Limited.

The former chairman and his relatives control about thirty percent of Enic Sports & Developments Holdings Ltd – which has an majority stake in Spurs.

Levy was the the league's longest-serving chairman and is reported to have received more than £50m during his nearly 25 years in the capacity.

But he was also the focus of ongoing dissent by Tottenham supporters, especially last season as home competition outcomes proved unsatisfactory.

Spurs secured their initial silverware in seventeen years when they overcame United in last season's Europa League final.

Associated Subjects

• Premier League
• The North London club
• Football