Daniel Levy managed Tottenham's relocation to the Tottenham Hotspur Stadium in recent years.
Innovative business leader Earick has rejected submitting an official acquisition offer for Tottenham.
The club had previously “unequivocally rejected” an preliminary inquiry from a investment group led by the American last month and stated the team was off the market.
Yet the nation's corporate governance laws dictated that, having had an expression of interest turned down, the group needed to make an offer by the October deadline or announce they would not proceed.
Confirmation of the decision was provided in a statement issued by the club to the London Stock Exchange, stating the organization is “ceased to be in an offer period.”
Earick shared an snapshot of the statement on digital channels, remarking: “It was a pleasure discussing with Spurs and the Lewis family's representatives over the past few months.
“I have high regard for the organization, its executives, and its supporters, and hope for only the best.”
The club's board expressed gratitude to the syndicate for its “cooperative stance” in discussions and for “acknowledging the definitive view” of the owners that the club is off the market.
The entrepreneur is a one-time music presenter who also served in spacecraft research for the space agency before creating his technology firm, which specializes in innovation, communications, athletics and entertainment.
His approach was the third inquiry rejected by the team's directors since the unexpected exit of top executive the former chairman in last month.
Earlier in September, the club declined approaches from former Newcastle United shareholder the financier's the investment firm and a group spearheaded by Kennedy and Ng through Firehawk Holdings Limited.
Daniel Levy and his relatives hold about 30% of Enic Sports & Developments Holdings Ltd – which has an nearly 87 percent interest in Spurs.
The executive was the the league's most enduring chair and is reported to have received in excess of fifty million pounds during his almost quarter of a century in the position.
But he was also the target of regular protests by the club's followers, especially last campaign as home competition outcomes were disappointing.
Tottenham won their first trophy in nearly two decades when they overcame Manchester United in the May Europa League final.
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