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

Tottenham Rejects Buyout Interest from US Tech Entrepreneur's Consortium LONDON - Tottenham Hotspur has "unequivocally rejected" an informal expression of interest from a consortium led by American tech entrepreneur Brooklyn Earick, according to a statement released by Enic Sports Developments Holdings Ltd. This marks the third rejection of a buyout offer since executive chairman Daniel Levy's sudden departure earlier this month. Enic Sports Developments Holdings Ltd, which holds an almost 87% stake in Tottenham, emphasized that the club is not for sale and that they are not looking to sell their stake. The statement read: "We want to reconfirm that Tottenham Hotspur is not for sale and Enic is not looking to sell its stake in the club." Earick's consortium, which includes Redacted RnD, a technology company he founded after working at NASA, had expressed interest in acquiring Tottenham. However, UK takeover and merger rules dictate that having had an expression of interest rejected, Earick's consortium must make a formal offer by October 24 or announce their intention to withdraw. Earick has fueled speculation with social media posts, including an image of the dressing room at the Tottenham Hotspur Stadium featuring a timer counting down to October 24. The move is seen as a strategic attempt to create pressure on the club's board. Background and context Tottenham's ownership structure has been a subject of interest in recent months, with several consortiums expressing interest in acquiring the club. Daniel Levy's sudden departure has raised questions about the future of the club, leading to speculation about potential buyouts. Implications and real-world applications The rejection of Earick's consortium marks another setback for potential buyers looking to acquire Tottenham. The UK's takeover rules aim to ensure that clubs are not bought out by individuals or groups with ulterior motives. The rules require bidders to make a formal offer, which can be a costly and time-consuming process. Current status and next developments With the October 24 deadline looming, Earick's consortium must decide whether to proceed with a formal bid or withdraw their interest. Tottenham's board will continue to review potential offers while emphasizing that the club is not for sale. In related news, Enic Sports Developments Holdings Ltd has stated that they are committed to supporting the club's management and staff during this period of transition. The company's chairman, Joe Lewis, said: "We remain focused on our long-term strategy for Tottenham Hotspur and are confident in the club's future prospects." *Reporting by Bbc.*