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Home»Sport

Tottenham release statement as final decision made on £4.5bn takeover bid | Football | Sport

amedpostBy amedpostOctober 6, 2025 Sport No Comments3 Mins Read
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Tottenham have released a statement to the London Stock Exchange confirming that Brooklyn Earick does not intend to make a firm offer to buy the club. The tech entrepreneur, who earlier this year failed in an attempt to buy Formula E team Maserati, was leading a £3.3 billion takeover bid from a group of American investors, including NFL and NBA backers. An additional £1.2bn had reportedly been earmarked as transfer funds for head coach Thomas Frank.

However, following numerous social media posts on the topic, it has emerged that a firm offer will not be forthcoming. On Monday, Tottenham released a statement which read: “The Board of Tottenham Hotspur notes the recent announcements from the Firehawk and Mr Earick’s consortiums that they do not intend to make an offer for the club. 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.

“Following the announcements made by the consortiums, the club is no longer in an offer period under the City Code on Takeovers and Mergers.”

Earick also submitted a statement of his own, saying: “Further to the announcement made by the Board of Tottenham Hotspur Limited on 26 September 2025 regarding an informal expression of interest in relation to a proposal to acquire the entire issued, and to be issued, share capital of the company, Mr Brooklyn Earick confirms that he does not intend to make a firm offer for the company.”

This update comes after last week’s news that the Asia-based consortium of investors led by Firehawk Holdings Limited also confirmed they would not be making a bid for a Tottenham takeover.

Spurs announced early last month that they had “received, and unequivocally rejected, separate preliminary expressions of interest in relation to proposals to acquire the entire issued, and to be issued, share capital of ENIC from PCP International Finance Limited and a consortium of investors led by Dr Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited.”

PCP quickly confirmed they would not be pursuing a bid, and on Friday, the Asia-based consortium led by Firehawk followed suit.

Spurs turned down Earick’s informal approach, completing the trio of potential buyers who have withdrawn from making a formal offer.

It comes just over a month after Daniel Levy left his role as executive vice-chairman, having been involved with Tottenham for the last 24 years.

At the time, Levy was quoted as saying: “I am incredibly proud of the work I have done together with the executive team and all our employees. We have built this club into a global heavyweight competing at the highest level.

“More than that, we have built a community. I was lucky enough to work with some of the greatest people in this sport, from the team at Lilywhite House and Hotspur Way to all the players and managers over the years.

“I wish to thank all the fans that have supported me over the years. It hasn’t always been an easy journey but significant progress has been made. I will continue to support this club passionately.”

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