Tottenham's true value as Brooklyn Earick 'launches' record-breaking takeover bid

Brooklyn Earick could be overpaying by nearly £2 billion should his Tottenham Hotspur takeover go through. The American businessman is reportedly at the forefront of a consortium attempting to buy the north London club.

According to The Sun, tech supremo Earick is leading a 12-man consortium putting together a stunning bid to buy Spurs. They have apparently put together an eye-watering £4.5bn offer to buy out current owners the Lewis family.

That offer includes a £3.3bn offer to buy the club outright, while they would also be willing to finance a massive £1.2bn spending spree that would be splashed on transfers, wages and agents fees.

Should that offer be accepted by the current Spurs owners, it would see them become the most expensive sports franchise in history - eclipsing the £4.25bn price paid by Todd Boehly and his colleagues to buy Chelsea from Roman Abramovich back in 2022.

And while it would represent an eye-watering amount, Earick might be massively overpaying should the deal go through. According to Forbes in May of this year, Spurs were valued at around $3.3bn (£2.6bn) - a £700m decrease on the base price that the American consortium would be paying.

Earick, however, would add another sweetener to the deal in an effort to push through an agreement. It is further suggested that the consortium have lined up a stunning £250m stadium naming rights deal - something that was not agreed under former chairman Daniel Levy.

He has since departed the club in a bombshell decision. Speaking after his exit, Levy said: “I am incredibly proud of the work I have done together with the executive team and all our employees.

“We have built this club into a global heavyweight competing at the highest level. More than that, we have built a community. I was lucky enough to work with some of the greatest people in this sport, from the team at Lilywhite House and Hotspur Way to all the players and managers over the years.

“I wish to thank all the fans that have supported me over the years. It hasn’t always been an easy journey but significant progress has been made. I will continue to support this club passionately.”

Amid potential overhaul behind the scenes, Tottenham have enjoyed a positive start to the season under new boss Thomas Frank. They sit third in the Premier League after winning three out of their opening five games.

Spurs have also won their opening Carabao Cup and Champions League games of the season - beating Doncaster and Villarreal respectively.

Frank’s side are back in action this weekend against rock-bottom Wolverhampton Wanderers.

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