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Innovative business leader Earick has ruled out submitting an official acquisition offer for Tottenham.

Spurs had earlier “clearly turned down” an informal expression of interest from a investment group led by Earick last month and maintained the organization was unavailable for purchase.

But UK takeover and merger rules stipulated that, following an initial approach declined, the interested parties had to submit a bid by late October or declare they would not do so.

Official word of the choice was provided in a statement released by the club to the stock exchange, stating the organization is “no longer in an offer period.”

The entrepreneur posted an picture of the release on online platforms, stating: “It was a pleasure engaging with Tottenham Hotspur and the owners' delegates over the past few months.

“I hold deep admiration for the team, its leadership, and its supporters, and desire nothing but success.”

Spurs' leadership thanked the consortium for its “positive engagement” in talks and for “honoring the definitive view” of the shareholders that the organization is unavailable.

Earick is a former DJ who also served in space technology for Nasa before founding Redacted RnD, which concentrates on innovation, communications, sport and leisure.

Earick's proposal was the third expression of interest rejected by the organization's leadership since the abrupt resignation of long-serving chairman Daniel Levy in September.

Earlier in September, the club turned down approaches from former Newcastle United shareholder Amanda Staveley's the investment firm and a consortium spearheaded by Kennedy and Wing-Fai Ng through Firehawk Holdings.

Daniel Levy and his relatives hold about thirty percent of Enic Sports & Developments Holdings Ltd – which has an majority stake in the club.

He was the English top flight's most enduring chair and is estimated to have made in excess of fifty million pounds during his long tenure in the role.

But he was also the subject of frequent demonstrations by Tottenham supporters, particularly last season as domestic league results proved unsatisfactory.

The north London club claimed their first trophy in nearly two decades when they beat Manchester United in May's continental decider.

Connected Themes

• The Premier League
• Tottenham Hotspur
• Soccer