West Ham United’s owners should do the right thing and take advantage of Saudi group’s collapsed Newcastle United takeover.
Read: West Ham fans savage owners and predict relegation next season after ‘zero transfer budget’ leak
Saudi Arabia’s Public Investment Fund, PCP Capital Partners and Reuben Brothers has withdrawn from the process to buy Newcastle, Sky Sports has revealed.
West Ham fans will undoubtedly commiserate with their equally success-starved Newcastle counterparts.
But as one door closes for the Magpies another could open for the Hammers.
Saudi group reportedly showed interest in West Ham takeover
The Saudi consortium headed up by mega rich Mohammad Bin Salman has been linked with a potential takeover of West Ham in the past (Football Insider).
Relations between West Ham supporters and owners David Sullivan and David Gold and their vice-chairman Karren Brady are beyond repair.
The list of grievances is long and too much water has passed under the bridge.
Fans have been protesting against the owners again this season. Further protests were halted by the global health crisis.
But the sentiment remains.
Of course news of the Saudi takeover collapse is devastating for Newcastle fans.
Newcastle’s loss could be West Ham’s gain
But West Ham’s owners simply must pounce on the opportunity to sell the club, even if they do have to forfeit a portion of the fee to the London Stadium owners.
In fact if the owners truly care about West Ham then they should do the right thing and go cap in hand to the consortium and try to broker a deal.
After all there have been a series of reports linking West Ham with a takeover this year.
Earlier this month reliable insider ExWHUemployee claimed he has heard from very highly placed sources that rumours about Hammers board member Tripp Smith attempting to form a consortium to buy a controlling stake in West Ham are true.
While Sullivan is a billionaire and Gold a millionaire, the duo clearly do not have the kind of money needed to progress West Ham as a club.
Sullivan must honour pledge and do right by West Ham, the fans deserve to dream
Indeed Sullivan is not cash rich in Premier League terms, most of his fortune is tied up in property.
One only needs to look at David Moyes’s transfer budget for this window to see that is the case (Claret & Hugh). And that is after narrowly avoiding relegation.
West Ham’s owners are dicing with relegation next season if they do not significantly improve the team.
This could be a way out. A way to finally do something right by the supporters.
A way to say ‘we tried but let’s let someone else with real money have a go’.
Don’t forget Sullivan made a pledge back in 2016 (whufc.com) that he would only sell West Ham to Saudi royalty.
Well that opportunity may never be greater than it is right now.
And he must do right by West Ham United by admitting defeat and passing the club on to someone with infinitely better resources.
West Ham’s long suffering supporters deserve to dream.