West Ham United co-owners David Sullivan and David Gold rejected a second bid for the club last month.
That’s according to a new report from The Guardian overnight.
According to an initial report from the Guardian, an American consortium are set to step up their interest in taking over West Ham after they saw their £350 million bid rejected for the club last month.
Now The Guardian claims the Hammers rejected a second offer, worth £400m, just last month.
Report lifts lid on US consortium’s plans for West Ham
The new report sheds more light on the plans of the mystery bidders which will entice West Ham fans.
According to The Guardian, the would-be new owners have a seven-year plan to improve West Ham’s finances.
And – crucially – are exploring the possibility of buying the London Stadium – West Ham’s hugely unpopular new home since 2016.
The report claims Sullivan and Gold will want a lot more than £400 million.
That begs the question what planet the duo are living on?
Brady website claims Hammers are valued at £800m
In the biography section of karrenbrady.com it lists West Ham as being worth an eye-watering £800 million.
Under the LLDC agreement regarding a potential sale of the club, Sullivan and Gold would have to forfeit 20% of any sale before 2023.
Sullivan and Gold must do right by fans
At a roundabout figure of £500m – in itself a seemingly ludicrous valuation for a club that has poor training facilities and does not own its own ground – Gold and Sullivan would forfeit £100m to the taxpayer.
Given they only paid around £90m for the club back in 2010, a £310m profit is some going.
And as self-proclaimed West Ham fans surely they would want to do what is right by the club.
If new investors with more ambition and financial wherewithal are genuinely interested then Sullivan and Gold have a duty to West Ham supporters.