Tottenham Owners Reject Reported £4.5 Billion Takeover Bid
Tottenham Owners Reject Reported £4.5 Billion Takeover Bid

Tottenham Owners Reject Reported £4.5 Billion Takeover Bid

News summary

Tottenham Hotspur's majority owners, ENIC, led by the Lewis family trust, have unequivocally rejected a £4.5 billion takeover bid from American tech entrepreneur Brooklyn Earick, reaffirming that the club is not for sale. Earick's consortium proposed a £3.3 billion purchase price with an additional £1.2 billion earmarked for strengthening the squad, which would have set a new record for a Premier League club acquisition, surpassing Chelsea's £4.25 billion deal in 2022. Despite Earick's efforts and the departure of long-serving chairman Daniel Levy, who was seen as a potential barrier to such talks, the club remains focused on stability and continued on-field success under new management. Tottenham recently ended a 17-year trophy drought by winning the Europa League, but managerial changes and team performance challenges have persisted. The club's board and new chairman Peter Charrington have emphasized transparent communication and a stable environment for players and staff, dismissing takeover rumors as distractions. This marks the third rejected takeover attempt this month, including bids from Amanda Staveley's PCP International Finance and a group via Firehawk Holdings Limited.

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