"A consortium led by American tech entrepreneur Brooklyn Earick will no longer make a bid for Tottenham Hotspur. An expression of interest by Earick's consortium, which was reportedly ready to launch a £4.5 billion takeover bid, was "unequivocally rejected" by ENIC, which is run by the Lewis family Trust, on Sept. 26. On Monday, it was confirmed via the London Stock Exchange that Earick had pulled out of the running,"
""The Board of Tottenham Hotspur Limited [the "club"] notes the recent announcements from the Firehawk and Mr Earick's consortiums that they do not intend to make an offer for the club," a statement on London Stock Exchange read. "The Board thanks them for the constructive approach taken in the discussions with the club's and the Lewis family's representatives and respecting the clear position of the Lewis family that the club is not for sale."
"It was announced at the start of September that Spurs' majority owners ENIC had "unequivocally rejected" two expressions of interest in acquiring the north London club, with one from a consortium of investors led by Dr Roger Kennedy and Wing-Fai Ng through Firehawk. Amanda Staveley's PCP International Finance immediately confirmed via the London Stock Exchange on Sept. 8 that it did not intend to make an offer for Tottenham and Firehawk confirmed its intentions on Oct. 3."
Brooklyn Earick's consortium has withdrawn its interest in pursuing a takeover of Tottenham Hotspur. ENIC, controlled by the Lewis family Trust, unequivocally rejected expressions of interest including a reported £4.5 billion bid and informed parties on Sept. 26. Firehawk Holdings and Amanda Staveley's PCP International Finance also confirmed they would not make offers. The Board of Tottenham Hotspur Limited thanked the consortiums for constructive discussions and said the Lewis family's clear position is that the club is not for sale. The London Stock Exchange confirmed Earick's withdrawal and stated the club is no longer in an offer period under the City Code. ENIC owns almost 87 percent of Tottenham.
Read at ESPN.com
Unable to calculate read time
Collection
[
|
...
]