West Ham United: David Sullivan wants £75m as property goes up for sale
West Ham chairman David Sullivan is trying to sell his “centuries-old” home in London for £75million, according to The Wall Street Journal.
The financial newspaper reported via their website on 30 November that Sullivan, 74, has spent seven years renovating the house in Marylebone, spending around £50million on the works.
It is understood that he’s now put it on the market.
Cash in the bank
We shouldn’t be quick to assume that Sullivan is selling this house to raise transfer funds for West Ham because at the end of the day, this is a house that he owns.
He’s a businessman, ultimately, and this is seemingly a way for him to make himself some extra millions.
It does benefit the Irons because if a sale goes through at the price Sullivan wants, it will probably make him wealthier.
But West Ham fans shouldn’t expect Sullivan to be selling his home in order for David Moyes to buy Dominic Solanke, or someone like that, in the January transfer window.
There’s no real inkling that Sullivan is willing to sell up his shares at West Ham.
We have seen rumours about a Qatari takeover at the London Stadium but any kind of shift in ownership at the moment seems to be revolving around the sale of the late David Gold’s shares.
The Times reported on 31 October that “insiders” were hoping that Vanessa Gold putting 10 per cent up for sale could attract investment from Qatar.
There’s been little movement on that since, however.
In other West Ham United news, the Irons have suffered a transfer blow with news emerging from Manchester United.