Brooklyn Earick consortium preparing formal offer to buy Tottenham in world record £4.5 billion deal | OneFootball

Brooklyn Earick is preparing to make a formal offer to buy Tottenham in a world record £4.5 billion deal after the club said they have rejected his consortium’s “informal expression of interest.”

The 41-year-old American tech entrepreneur has been in talks for months to buy the club and is not deterred by an official statement on Friday saying the club is not for sale.

News broke overnight of Earick’s interest in a £4.5 billion deal, including a £3.3 billion purchase price plus £1.2 billion for player acquisition, which would be a record fee for a football club, and prompted the club to make the following statement: “The board of Tottenham Hotspur Limited is aware of recent media speculation and confirms that its majority shareholder, ENIC Sports & Developments Holdings Ltd, has received, and unequivocally rejected, an informal expression of interest in relation to a proposal to acquire the entire issued, and to be issued, share capital of the club from a consortium led by Mr Brooklyn Earick.

“The board of the club and ENIC reconfirm that Tottenham Hotspur is not for sale and ENIC is not looking to sell its stake in the club.”

Hayters understands, however, that the Lewis family, who recently took full control of the running of the club after dismissing Daniel Levy as chairman, are willing to sell their majority interest in Tottenham and have been in discussions with Earick for some time.

The former DJ heads a consortium of 12, including owners of NFL and NBA clubs in the US, and has been encouraged to go ahead now that Levy has gone. Insiders have talked about Levy being a barrier to takeover talks in the past few years, and it is thought that his departure was accelerated after more frustration during negotiations to do a deal this summer.

Earick wants to conclude a deal well before the January transfer window so the new ownership can give Thomas Frank significant funds to strengthen his team, who sit third in the Premier League and have just won their opening Champions League group game.

One move they could make in January is to trigger the £52.5 million release clause in Harry Kane’s contract with Bayern Munich which would then see him re-join Spurs in the summer, should he want to come back. Bayern signed him from Tottenham for almost twice that amount two years ago.

Spurs have first refusal on Kane if the England captain chooses to leave Munich, and Frank said this week that he would love to see the club’s record goalscorer back at Spurs.

Tottenham’s shareholder agreement obliges the club to notify all shareholders, which includes a number of fans, in the event of a formal bid.

It is thought Earick’s consortium will go ahead with such a proposal in the coming days, and have been given a deadline of October 24 under the City Code.

“In accordance with the obligations under Rule 2.6(a) of the City Code, the consortium is required, by not later than 5.00 p.m on 24 October 2025, to either announce a firm intention to make an offer for the company in accordance with Rule 2.7 of the City Code or announce that it does not intend to make an offer for the company, in which case such announcement will be treated as a statement to which Rule 2.8 of the City Code applies.”