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An expression of interest to buy Tottenham was launched by a consortium led by tech entrepreneur and former DJ Robert Earick. (Shaun Botterill/Getty Images)
Tottenham Hotspur have “unequivocally rejected” an expression of interest in a takeover of the club, just weeks after the English Premier League side knocked back two other enquiries.
This third expression of interest was launched by a consortium led by tech entrepreneur and former DJ Robert Earick, founder of the blockchain-based venture capital firm Redacted RnD, and includes investors from North America’s elite National Football League and National Basketball League.
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Reportedly, someone close to the Spurs ownership group called the interest “unsolicited and unnecessary”.
The consortium now has until October 24 to lodge an official takeover bid, or confirm its intention to bow out from the running, after Spurs confirmed its rejection of the expression of interest to the London Stock Exchange.
Investment firm ENIC Sports & Developments owns 86.58 per cent of Tottenham, with the remaining percentage split between a variety of minority shareholders, and if a firm was to be successful in acquiring ENIC’s stake, it would be required to make a mandatory offer for the remainder of the club’s shares.
The firm itself is majority-owned by UK-based businessman Joe Lewis, also owner of private equity investment company Tavistock Group, and his family trust.
At the beginning of September, ENIC rejected two expressions of interest, one from PCP International Finance Limited, an investment company led by prominent executive Amanda Staveley, and the other from a consortium that was led by businessman Dr. Roger Kennedy and financial services executive Wing-Fai Ng via the Firehawk Holdings investment fund.
Elsewhere in the Premier League, Manchester City have agreed a new partnership with sports travel operator Destinations Sports Group (DSG).
This partnership officializes the relationship that Manchester City have had with DSG over a number of years, with the firm having supported first-team travel, youth squad tours, fan travel packages, and more, across its range of associated brands.
Through the new deal, DSG will not only continue to support first team travel, but will also leverage its subsidiary brands across Manchester City operations.
This will see the firm organize travel experiences for schoolchildren and local fans via the Inspiresport brand, travel and hotel packages around home games for international fans via SportsBreaks, and premium and corporate hospitality experiences via SportsWorld.
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