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West Ham United could become £600m+ unstable asset as David Moyes sack update drops
West Ham United could become an unstable £600m+ asset if they choose to sack current head coach David Moyes, according to The Athletic.
Uncertainty off the field could benefit Moyes in this one, due to an agreement current club owners David Sulivan and David Gold made with the London Legacy Development Corporation in 2013.
If they sold the club for more than £300million, 20 per cent of any profit would go to the ground’s landlord, this expires in March 2023. Daniel Kretinsky agreed to a full takeover option of West Ham last November at the value of £600million but this isn’t likely to be completed by March.
“If the board keep Moyes and the unlikely scenario of relegation happens, they would lose millions. But if they sack Moyes, the club could become an unstable asset, regardless of who they have lined up as his successor,” explains Roshane Thomas of The Athletic.
“There were loud boos from the crowd following the loss to Leicester City. The prevailing view among the London Stadium faithful is it is time for change.
“In a previous era, the board would have struggled to resist public pressure, but this is an unprecedented time for the club and that ultimately works in Moyes’ favour.”
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Times up.
Moyes’ love affair with West Ham United is starting to go stale and it’s time for the club to head in a new direction with a new head coach.
The team simply aren’t performing for the Scot anymore and his tactics with this current crop of players aren’t utilising them to their best abilities.
This is arguably the best squad on paper that West Ham United has had in years and it’s being wasted by the club’s unrelenting faith in Moyes.
One point above the Premier League relegation zone simply isn’t good enough for a team who spent so big this summer.
Things could start to get really messy if the Irons got embroiled in a relegation scrap and it’s not something that’s out of the question right now.
The World Cup break provides West Ham with the perfect opportunity to find a new manager, but it’s looking unlikely the team will budge from their stance on Moyes.