Overview

• Tottenham and majority owner ENIC, which holds about 87% of the club, said the team is not for sale and confirmed they rejected the approach.
• The reported proposal totals £4.5 billion and is led by tech entrepreneur Brooklyn Earick with backing from investors linked to the NFL and NBA.
• Press reports say the outline includes £3.3 billion for shares, £1.2 billion earmarked for squad spending, and a £250 million stadium naming-rights deal.
• Under Takeover Panel rules, the consortium has until 5 p.m. London time on 24 October to announce a firm offer or withdraw.
• The mooted price would top the £4.25 billion paid for Chelsea in 2022 and exceeds Forbes’ latest valuation of Spurs, with any deal also needing Premier League approval.