A West Ham United insider has made a link between a recent takeover report and Manchester City but highlights one big problem.
Fresh speculation over a West Ham takeover has emerged from a number of different sources of late.
And the insider pointed out new speculation of a ‘high-powered’ Arab Emirates takeover points to Manchester City’s owner Sheikh Mansour.
When it comes to owners West Ham and Manchester City are polar opposites.
A vast proportion of West Ham fans have grown fed up with Sullivan and Gold as highlighted by the re-emergence of large-scale protests this season.
Insider makes link between West Ham takeover speculation and Man City
Meanwhile Man City’s owners continue to invest their wealth not just in the playing squad but the facilities, community and future of the club.
Since February there has been talk of various parties being interested in buying West Ham from unpopular co-owners David Sullivan and David Gold.
Speculation began four months back claiming American businessman and 10% West Ham stakeholder Albert Tripp Smith was seeking new Middle Eastern investment in the club.
Then in April Gold hit out after talk of takeover interest from Red Bull was linked to him (Claret & Hugh).
At the weekend a new report from The Daily Mail claimed Tripp Smith is putting together a US consortium with a view to buying a controlling interest in the Hammers.
‘High-powered’ Arab Emirates takeover claim
And earlier this week yet more takeover speculation emerged as The Daily Star claimed a ‘high-powered’ Arab Emirates group was interested in buying West Ham.
The speculation has been encouraging for West Ham fans.
But no sooner had the news gathered traction online than it was swiftly denied by well-placed insiders Claret & Hugh.
The Hammers website has a direct line to Sullivan and Gold.
And Claret & Hugh has made a link between the new report and Man City’s owners which it suggests disproves the speculation.
Because the insider also rightly pointed out one big problem.
The fact that even if the ‘completely made up story’ was true, it would not currently be possible.
“Last week rumours of an American consortium emerged led by West Ham director Tripp Smith, now it is a mega-powerful UAE investment group,” Claret & Hugh said.
Insider points out big problem in ‘completely made up’ report
“I am sure the rumour is implying is the Abu Dhabi Investment Authority (ADIA) which is a sovereign wealth fund owned by the Emirate of Abu Dhabi who already own Manchester City and therefore cannot own a second club.
“The recent articles have contained a number of inaccuracies so shouldn’t be taken seriously…”
As Claret & Hugh point out, Premier League Rules define control as having a shareholding of 30% or greater.
And PL Rule D. 2.2 stipulates that ‘no individual can have a 10% stake in more than one PL club’.
Sadly for West Ham that may not be an issue this time next month if David Moyes’s side do not start putting some points on the board.
West Ham are 17th, with seven games to play, outside the relegation zone by virtue of goal difference alone.