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American tech entrepreneur Brooklyn Earick has dismissed launching a buyout proposal for the North London club.

Tottenham had before “unequivocally rejected” an preliminary inquiry from a consortium headed by the American last month and insisted the team was unavailable for purchase.

However British acquisition regulations stipulated that, having had an initial approach declined, the interested parties had to submit a bid by 24 October or declare they would not do so.

Official word of the decision was issued in a release made by Spurs to the London Stock Exchange, stating the club is “ceased to be in an acquisition window.”

Earick published an image of the announcement on digital channels, remarking: “It's been a privilege interacting with Tottenham Hotspur and the Lewis family's representatives over the past few months.

“I maintain high regard for the organization, its leadership, and its fans, and wish them nothing but success.”

The club's board acknowledged the syndicate for its “constructive approach” in talks and for “respecting the clear position” of the shareholders that the team is off the market.

Brooklyn Earick is a ex-disc jockey who also worked in space technology for NASA before founding the innovation company, which concentrates on tech, communications, sports and leisure.

Earick's proposal was the third expression of interest rejected by the team's directors since the abrupt resignation of top executive Daniel Levy in the fall.

On 8 September, the organization declined approaches from former Newcastle United shareholder the financier's the investment firm and a consortium led by Dr Roger Kennedy and the co-investor through Firehawk Holdings Limited.

The former chairman and his family own about a significant stake of Enic Holdings – which has an majority shareholding in the club.

The executive was the the league's longest-serving chairman and is reported to have earned in excess of fifty million pounds during his almost quarter of a century in the role.

But he was also the subject of ongoing dissent by Tottenham supporters, particularly last campaign as home competition outcomes were below expectations.

Tottenham claimed their first trophy in 17 years when they overcame the Red Devils in last season's European final.

Related Topics

• The Premier League
• Spurs
• Football