David Sullivan states he has no intention of selling West Ham amid £400m takeover approach
David Sullivan has spoken out after a consortium made an informal approach to take over West Ham, telling the BBC it was “derisory”.
The Daily Mail reported on Tuesday night that an investment group had made a takeover bid worth £400million which was rejected by majority shareholder Sullivan, though subsequent reports suggest it has never gone as far as an official bid.
The 72-year-old has explained why the approach was flatly turned down and discussed whether he and co-owner David Gold were willing to sell the club in the near future.
“The offer was derisory,” Sullivan told BBC Sport.
“They never produced any proof of funds and were looking to raise funds to do the deal.
“At no time did they mention any money being available for new players.
“We have no desire to sell the club but get approached by many weird and wonderful people who lack the funds and have no experience in running a football club.”
Sale would still be popular
West Ham supporters have never hidden their disdain for GSB in recent years, which includes vice-chairman Karren Brady.
Fans feel they have been sold a dream after a series of empty promises, in particular those stemming from the move to the London Stadium.
That switch caused all manner of issues, witb the ground considered to be toxic at times.
Performances on the pitch were poor and that ramped up the pressure on the owners.
Last season, though, was a sensational achievement as the Irons finished in sixth place in the Premier League, securing a Europa League berth in the process.
But one good season is unlikely to dissuade supporters from their original stance.
Now, that could change, but the early summer signs are not great.
The club is still yet to make a major signing, a worrying reality when one considers the limitations of the current squad in terms of its size and the volume of games that will be played this season.
If no progress is made in the coming weeks, expect the pressure to crank up even more on Sullivan and co if these takeover reports persist.
In other West Ham news, the Irons have held talks with this ‘Sensational’ South American attacker’s agent.