Tottenham owners reject bids as lead suitor withdraws

Tottenham Hotspur’s majority owners have rebuffed takeover approaches and the most prominent suitor has formally withdrawn, leaving the north London club’s ownership unchanged and its board to press ahead with a stated strategy of retaining control. On Monday the lead investor linked to a reported 4.5 billion bid confirmed via the London Stock Exchange that he will not make a firm offer for the club, and the board said it is no longer in an offer period under the City Code on Takeovers and Mergers.

The withdrawn approach followed expressions of interest earlier this month after Daniel Levy stepped down as executive chairman on September 4. The consortium led by tech entrepreneur Brooklyn Earick had been reported to propose 3.3 billion to purchase the club’s issued share capital and a further 1.2 billion intended for transfers and related costs. The consortium’s notification that it will not proceed ends the most public of several approaches that emerged amid takeover speculation.

The club reiterated the Lewis family Trust’s long‑standing position that Tottenham is not for sale. After the announcement, a club spokesperson said the board was grateful for the constructive approach...