Tottenham Hotspur have "unequivocally rejected" an approach to buy the club from a consortium led by Brooklyn Earick.
The 41-year-old is a former DJ and now the founder of Redacted RnD, a company that focuses on technology, sports, media and entertainment.
Despite suggestions of a bid worth £4.5bn, GMS understands no offer has been made to date, and Earick's consortium now has until October 24 to publicly clarify their intentions due to it being a requirement under UK takeover law.
Spurs Release Statement Over Takeover Speculation
"The Board of Tottenham Hotspur Limited ("Tottenham Hotspur", the "Club" or the "Company") is aware of recent media speculation and confirms that its majority shareholder, ENIC Sports & Developments Holdings Ltd ("ENIC"), 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 "Consortium")," a Tottenham statement read.
"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.
"In accordance with the obligations under Rule 2.6(a) of the City Code, the Consortium is required, by not later than 5pm on October 24, 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. This deadline can be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the City Code.
"The person responsible for arranging the release of this announcement on behalf of Tottenham Hotspur is Peter Charrington (Non-Executive Chairman)."
Tottenham also rejected two approaches this month from former Newcastle United co-owner Amanda Staveley and an Asia-based consortium called Firehawk Holdings Limited.
Following the departure of Daniel Levy, new non-executive chairman Charrington and highly-regarded CEO Vinai Venkatesham are both heavily involved in the new strategic direction of the club.
Joe Lewis' daughter Viv, son Charlie and grandson-in-law Nick Beucher are also taking on an active role.
Spurs have reiterated several times in public that the club is not for sale. It is believed new investment is forthcoming though, which could see the Lewis family inject funds into the club, while a stadium-naming rights deal is also not discounted as the club looks to boost its commercial revenue.