PAI Capital have submitted a second bid for West Ham according to a spokesman for the company, and reported via the Sunday Times.
Rumours broke in July that PAI Capital were plotting a bid to takeover West Ham (The Sun).
Hammers co-owner David Sullivan then poured cold water on talks of a potential takeover, when speaking to The Athletic:
“They never produced any proof of funds,” Sullivan said. “(They) had zero interest in the football side and saw it as a property move. It was a property not a football deal to them.”
PAI Capital partner Philip Beard then hit back, as quoted by The Sun:
“It is not my intention to engage in a public debate on the comments made by David Sullivan last week. But, upon advice, it is necessary to correct unhelpful and inaccurate statements. In response to David Sullivan’s comments about the nature and value of the bid put forward by the consortium, I can confirm a formal offer was made which was in fact the figure David Sullivan had initially asked for. Our city lawyers were instructed and David Sullivan was provided with proof of funds. At no point were we asked to produce further information about our football strategy. It was quite clear to me that David Sullivan’s sole focus was on price. We remain committed to purchasing opportunities to purchase the club.”
It seems as though PAI mean business, however.
PAI Capital lodge second West Ham bid
A second bid has been made for the Hammers by PAI according to The Sunday Times:
“PAI Capital has assembled a top tier team of respected executives. The group has carefully prepared and submitted a second innovative bid which it believes will be successful and crafts a new vision for the club, stadium and park. We hope to be able to share positive news very soon.”
David Sullivan and David Gold somewhat unexpectedly splashed the cash in the summer.
The majority of the West Ham fans are still not happy with the manner in which he club has been run over the past few years, however.
The Hammers faithful are desperate for change.
Sometimes the grass isn’t always greener, however.
PAI made a huge error by bringing Rio Ferdinand in on the act. The man is clearly a Manchester United fan and has little interest in West Ham. Tony Cottee’s backing will undoubtedly help, but if truth be told we are all a little bit in the dark as to PAI’s true intentions.
Hopefully they mean well and can take us to another level.
Only time will tell I guess.