West Ham United owner David Sullivan to fund £33m Birmingham City takeover bid
West Ham United owner David Sullivan is set to part ways with an eye-watering amount of money to help a prospective buyer of Birmingham City.
According to the Daily Mail, Sullivan will fund 95% of Laurence Bassini’s bid to buy the Blues with £33million coming out of his own pocket of the £35million bid.
The loan offer includes a clause which states that Sullivan would go on to take control of “the property assets of the club,” but the club are considering a number of offers at the moment.
Sullivan was previously the owner of the Blues but he sold the club to Hong Kong businessman Carson Yeung for £81.5million 13 years ago.
FA rules might complicate proceedings though with Sullivan owning a significant share of the Hammers and both clubs competing in the FA Cup and League Cup.
The EFL will have to sanction the deal should it be a successful one and Sullivan’s involvement in Bassini’s bid has come as a surprise to them.
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Ahead of arguably West Ham United’s biggest transfer window in a number of years, the last thing you want to read is that the club’s owner is trying to effectively buy another club.
David Moyes needs his superiors to be fully focused on matters at the London Stadium and every ounce of their funds at his disposal to vastly improve the squad to compete on multiple fronts for the entire season.
The Scot has done tremendous work to get this squad to a Europa League semi-final while also continuing a top-four battle up until the last couple of games.
But now he needs the owners to throw money behind him and whatever potential war chest he was going to be given could suddenly become £33million smaller.
Fellow owners Daniel Kretinsky and David Gold can still pump their own cash in the club’s coffers to help Moyes make this side a Champions League-level outfit but Sullivan’s money would really help the cause.
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