A consortium spearheaded by American tech entrepreneur Brooklyn Earick has officially withdrawn its interest in bidding for Tottenham Hotspur. This decision comes after the Premier League club's majority owners, ENIC, and the Lewis family Trust, who manage ENIC, "unequivocally rejected" the consortium's initial expression of interest on September 26.
Earick's consortium, comprised of 12 members and reportedly ready to launch a £4.5 billion takeover bid, had been in advanced discussions. However, the Lewis family has reiterated its long-term commitment to Tottenham, making it clear that they have no intention of selling the club "under any circumstances".
The news was confirmed on Monday via the London Stock Exchange, where Tottenham Hotspur Limited released a statement acknowledging the withdrawal of both Earick's consortium and Asia-based Firehawk Holdings Limited. The statement thanked both parties for their constructive approach and respect for the Lewis family's position that the club is not for sale. With these announcements, Tottenham Hotspur is no longer subject to the City Code on Takeovers and Mergers.
Prior to Earick's interest, Tottenham had already rejected two preliminary expressions of interest at the start of September. One came from a consortium led by Dr. Roger Kennedy and Wing-Fai Ng through Firehawk Holdings Limited, and another from Amanda Staveley's PCP International Finance. PCP International Finance confirmed their decision not to make an offer on September 8, followed by Firehawk Holdings on October 3.
The withdrawal of Earick's consortium marks the latest development in what has been a period of intense speculation surrounding a potential change in ownership at Tottenham. This speculation intensified following the departure of Daniel Levy as Executive Chairman after nearly 25 years. Peter Charrington has since stepped into the newly created role of Non-Executive Chairman.
Despite the change in leadership, the Lewis family, who hold the majority stake in ENIC, which owns almost 87% of Tottenham, have consistently affirmed their commitment to the club. In the wake of Levy's departure, Tottenham CEO Vinai Venkatesham also reiterated that the club is not for sale.
While the possibility of a takeover seems to be off the table for now, Tottenham has undergone significant changes in its leadership structure. In addition to Charrington and Venkatesham's appointments, Thomas Frank has taken over as the men's head coach, and Martin Ho as the women's head coach.
Tottenham made significant investments in new players during the summer transfer window, spending over £180 million to acquire talents such as Xavi Simons, Mohammed Kudus, Joao Palhinha, and Randal Kolo Muani. Under the guidance of Thomas Frank, the team has had a strong start to the season, securing four wins in their first seven Premier League games and remaining unbeaten in their last seven matches across all competitions.
