Tottenham have released a statement to the London Stock Exchange confirming that Brooklyn Earick does not intend to make a firm offer to buy the club. The tech entrepreneur, who earlier this year failed in an attempt to buy Formula E team Maserati, was leading a £3.3 billion takeover bid from a group of American investors, including NFL and NBA backers. An additional £1.2bn had reportedly been earmarked as transfer funds for head coach Thomas Frank.

However, following numerous social media posts on the topic, it has emerged that a firm offer will not be forthcoming. On Monday, Tottenham released a statement which read: "The Board of Tottenham Hotspur notes the recent announcements from the Firehawk and Mr Earick's consortiums that they do not intend to make an offer for the club. The Board thanks them for the constructive approach taken in the discussions with the club's and the Lewis family's representatives and respecting the clear position of the Lewis family that the club is not for sale.

"Following the announcements made by the consortiums, the club is no longer in an offer period under the...