ExWHUemployee has claimed that a fresh West Ham takeover bid could imminently be lodged.
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Rumours broke earlier this week 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 there could be real progress on the matter today, however.
West Ham takeover bid update provided by Ex
The Hammers insider has this morning claimed that PAI Capital and another potential investor are preparing a fresh bid for West Ham after their first approach was rejected.
Ex claims that he has people involved with the consortium telling him that they really do believe they will be successful.
Meanwhile, the West Ham insider knows people close to the board who suggest the talks of a takeover are all hot air.
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Big offer needed for GSB to sell
It will be very interesting to see what happens with this.
One thing’s for sure, if David Sullivan and David Gold sell up before the summer of 2023, they will want much more than the club is actually worth.
If West Ham were sold for more than £200m before March 2023, the owners would need to pay a share premium the London Stadium public owners.
So it would take quite some offer from PAI to tempt them into selling now.
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