PAI expected to table new improved bid for control of West Ham imminently
PAI Capital are expected to table a new improved bid for the control of West Ham United imminently, according to ITV journalist Steve Scott.
Hammers legend Tony Cottee has joined forces with Rio Ferdinand and Anton Ferdinand in backing the bid of the consortium to buy the club.
West Ham majority owner David Sullivan knocked back PAI’s initial £400million bid [The Athletic], and the new amount the buyers plan to table has not been specified.
Scott posted on his verified Twitter account this evening: “Tony Cottee joins the Ferdinand brothers in backing PAI Capital’s bid to buy West Ham Utd.”
He added: “PAI expected to table a new improved bid for control of club imminently.”
Getting Serious?
In Cottee, PAI have finally gotten someone the majority of the fans can relate with.
While recruiting the Irons legend is good PR for the consortium and helps boost their image in the eyes of the fans, it is the value of their next bid that will determine their chances of completing a takeover of the club.
Sullivan described their last offer as”derisory”, and we reckon they will need to table around £600-£700million to have a chance of getting GSB to mull over it.
Fans have not particularly been convinced by PAI, and whether getting Cottee on board can change everyone’s mind remains to be seen.
Clearly, they are making an effort to buy West Ham, but they need more legends aboard if they want the fans on their side.
Sullivan has made it clear he is not keen on selling his prized asset, and whether he can be convinced to do that is unknown.
It is definitely going to be a tough task, and we could be in for a saga from the look of things.
In other West Ham news, Hammers table £25m bid for major new signing.
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