Cain Hoy withdraws Tottenham interest

American private investment firm Cain Hoy Enterprises has withdrawn their interest in a takeover of Tottenham.

The prospective buyer released a statement earlier this month to confirm they were looking to buy the north London club and would need to make a firm offer or pull out by October 10.

Tottenham released their own statement soon after to reiterate their stance that the club was not up for sale.

And Cain Hoy has now pulled out of any potential deal to purchase the White Hart Lane outfit.

A statement released through the London Stock Exchange read: "On 12 September 2014, having previously approached Tottenham Hotspur with a proposal, Cain Hoy Enterprises, LLC ("Cain Hoy") confirmed that it was at the preliminary stages of assessing a cash offer for Tottenham Hotspur.

"Cain Hoy has subsequently terminated its assessment and accordingly is no longer considering making an offer for Tottenham Hotspur.

"As a consequence of this announcement, Cain Hoy will, except with the consent of the Takeover Panel, be bound by the restrictions on making an offer for Tottenham Hotspur contained in Rule 2.8 of the UK Takeover Code for six months from the date of this announcement.

"However, Cain Hoy reserves the right to make an offer in the circumstances set out in Note 2 of Rule 2.8 of the UK Takeover Code."