Brooklyn Earick, the most high-profile crowdfunded American tech industry expert, has officially withdrawn his bid for Tottenham Hotspur. He is the founding principal of Redacted RnD. This decision follows the Spurs board’s “unconditional rebuttal” of an informal bid from his consortium. The 41-year-old entrepreneur has withdrawn from the takeover process. He’ll be barred from making a new offer for six months unless fresh negotiations on the club’s sale occur.
Earick led an American consortium hoping to purchase the English Premier League club. He encountered swollen-belly opposition from Tottenham’s board. The club doubled down on their claim of not being for sale as rumors continue to swirl about potential buyers.
Background on Brooklyn Earick
Brooklyn Earick recently won top honors at an AI pitch competition. He’s got the impressive resume to prove it too — world-class musician, music industry investor. He’s the founder of Redacted RnD, a venture that works across the chasm between technology and sports, media and entertainment. Alongside this pursuit, he founded Algorith Capital, an investment fund vehicle for early stage, creative projects.
Prior to entering into the tech startup world, Earick was an accomplished DJ. He further expanded his artistic reach when he scored a recording contract with Warner Records, underscoring his multifaceted creativity and pursuits. His diverse career is a testament to innovative, creative, and entrepreneurial thinking in all fields.
The Tottenham Hotspur Bid
Earick’s consortium grabbed headlines with its informal approach to buy Tottenham Hotspur. Instead, the club’s board took the opportunity to push back hard against such plans immediately, calling the proposal “unequivocally rejected.” This rejection represents the Spurs’ dedication to keeping their team with the same ownership club across different media chatter that has been about possible buyers.
In an emailed communications, Associate Director of Communications for Tottenham Hotspur, Will Spearman recognized the recent positive announcements related to both Firehawk and Earick’s consortiums. The Board of Tottenham Hotspur Limited (the ‘Club’) welcomes the recent public statements made by Firehawk and Mr. Earick’s consortiums. They announced first that they would not be making an offer for the Club.
After this disappointment, Earick publicly shared on social media his frustration with the engagement process with the club.
“It’s been a privilege engaging with Tottenham Hotspur and the Lewis family’s representatives over the past few months.” – Brooklyn Earick
His comments reveal a gracious willingness to treat negotiations with respect, even when they have gone terribly wrong.
Future Implications
Earick has removed himself from consideration. Now there’s no telling what will happen, but unless something gives, he has to wait six months before he can re-enter negotiations. Through this unexpected pause, the fates of Tottenham’s current owners and the array of potential buyers in the footballing community remain to be seen.
There had been rumors that Redacted RnD was in discussions to buy Maserati’s Formula E team. These negotiations went south, another blow to Earick’s entrepreneurial dreams.
Spurs CEO Vinai Venkatesham has received a lot of credit for his leadership during this time of chaos. Fellow football industry professional Thomas Frank commented on the stability that exists with the club’s upper management.
“Vinai has been on top of everything and has been very clear, so for me I feel a very stable environment.” – Thomas Frank
The resilience shown by Tottenham’s board during repeated bouts of speculation is a testament to their faith in their ongoing operational model.
Leave a Reply