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Tottenham Rejects Earick-Led Consortium’s Informal Approach Under Takeover Rules With Oct. 24 Decision Deadline

Under the City Code, the US group must now decide by October 24 whether to make a formal offer.

Overview

  • Spurs and majority owner ENIC said they had received and ‘unequivocally rejected’ an informal expression of interest from a consortium led by Brooklyn Earick.
  • Media reports describe a proposed £4.5bn package comprising about £3.3bn to buy the club and £1.2bn for squad investment, figures not confirmed by the club’s statement.
  • ENIC reaffirmed its position that Tottenham is not for sale, with disclosure triggered due to a minority of shares being publicly traded under the UK Takeover Code.
  • Under Rule 2.6(a), the consortium has until 5pm on October 24, 2025, to announce a firm intention to bid or to state it will not make an offer, a deadline that can be extended by the Panel.
  • Reports say Earick made initial contact before Daniel Levy’s departure, and the consortium is said to include NFL and NBA-linked investors, while head coach Thomas Frank described recent ownership communications as clear and stable.