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PAI Capital chief says he could launch a takeover bid for Derby or Hull after West Ham snub
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PAI Capital chief says he could launch a takeover bid for Derby or Hull after West Ham snub

PAI Capital could launch a takeover bid for crisis stricken Derby County or fellow Championship side Hull City after twice being snubbed by West Ham United.

That’s according to Nasib Piriyev, the self-confessed West Ham fan at the heart of PAI Capital’s attempts to buy the Hammers from David Sullivan and David Gold.

Speaking on The Athletic’s Football Podcast, Piriyev claimed his bid for West Ham was still on the table.

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PAI chief made new West Ham takeover claim which was shot down by Hammers co-owner David Sullivan

That’s despite PAI releasing a statement last month saying the firm had stepped aside after seeing a second bid for West Ham rebuffed by Sullivan (Evening Standard).

West Ham majority shareholder Sullivan responded emphatically to Piriyev’s new claims, telling Hammers News he and Gold have ‘no desire’ to deal with ‘unsuitable custodians’ Piriyev and PAI.

As a result Piriyev and PAI – a group of UK investors chaired by former QPR CEO Phillip Beard – could launch a takeover bid for Derby or Hull instead after the latest West Ham snub.

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Nasib Piriyev says he could launch takeover bids for Derby or Hull after West Ham snubs

That’s according to Piriyev himself – who as head of PAI has previously been linked with a takeover bid for Marseille – when speaking on The Athletic’s Football Podcast.

Derby are in administration with the club losing between £1.3m and £1.5m per month and sit bottom of Championship after points deduction.

Hull are also struggling with accounts showing nearly £40m is owed to the Allam family and they too look set for a battle to retain their Championship status.

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‘There is interesting opportunities around Derby and Hull’

And after being knocked back by West Ham, Piriyev claims both Derby and Hull would be interesting propositions.

“Believe it or not West Ham is close to my heart, it’s still going to be number one in the priority list and it’s a beautiful and amazing opportunity, there is so much to be done,” Piriyev told The Athletic’s Football Podcast.

“If we look at any other club I must say it will be more pragmatic, more business (minded) approach. And it would be a smaller club, you know there is a few that are struggling.

“There is interesting opportunities around Derby, around Hull, you know there is interesting ones which you can buy and then bring up. There is so much going on.

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‘Many risks to assess’

“We feel there will be some shifts in the industry and there will be new pockets of profits potentially available for these clubs, even the whole media cashflow will probably change. More new channels of distribution will come in…

“There is many risks that we need to assess before making these decisions (whether to try and buy the likes of Derby or Hull).”

With Piriyev hitting a brick wall in his bid for West Ham, he says it is ‘easier to buy a club in distress, turn it around and create value rather than one at its peak, doing well’.

Piriyev closed by admitting if he did take control of Derby and they ended up playing West Ham, he would support the Hammers.

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