Investment group make £400m bid to buy West Ham
West Ham have rejected £400million bid by a group of UK-based investors who want to buy the London club, according to the Daily Mail.
The newspaper claims the investors want to arm David Moyes with a huge transfer budget, as well as “transform the London Stadium and surrounding area”.
However, co-chairman David Sullivan has reportedly turned down the bid.
The Daily Mail reports that ex-QPR chief executive Philip Beard is among the investors keen to buy the Hammers and despite their huge bid being rejected, they remain determined to strike a deal and do have other clubs on their mind.
Despite this, a West Ham spokesperson has been quoted as saying: “We have received no formal offers to buy the club.”
We’ve seen enough from David Gold and Sullivan.
Yes, we qualified for the Europa League last season and yes, it was a stunning and record-breaking campaign by the Hammers.
But was that down to them? Or was it down to David Moyes and a bunch of players who showed remarkable improvements over the year?
If anything, we could have finished higher than sixth if GSB pulled their finger out and backed Moyes in the transfer market.
It makes you wonder whether our lack of business this summer is down to this reported takeover interest.
While there’s always a risk when a takeover happens, the prospect of Moyes getting a huge transfer budget is mouthwatering.
He could sign some really top players to strengthen all areas of the pitch and add significant strength in depth ahead of a European campaign.
It remains to be seen if another bid will be made but if this group of investors are as serious as they seem then they surely will.
Unfortunately, our board are very stubborn and are likely to bat away everything that goes their way.
In other West Ham news, the Irons are keen to sign this 26-year-old after he was a mainstay for Barcelona last season.