Almost a week has now passed since PAI Capital promised ‘positive news very soon’ in their efforts to take over West Ham United.

Last month Hammers News became the first West Ham site to speak to PAI about their plans to buy the club from David Sullivan and David Gold.

The firm has done the rounds in the month since, getting backing from the Ferdinand brothers Rio and Anton as well as West Ham legend Tony Cottee.

The Daily Mail reported that the group of UK investors – fronted by former QPR chief Philip Beard – had seen a £400m bid for the club rejected by majority stakeholder Sullivan back in February.

Photo by Catherine Ivill Getty Images

Claim and counter claim amid ongoing PAI Capital West Ham takeover talk

Nasib Piriyev (pictured at the top of this article) is a self-proclaimed West Ham fan at the heart of the PAI Capital bid. And the company’s website describes him as an entrepreneur with experience in petrochemicals, oil and gas, financial services and the consumer and retail sectors.

Sullivan has since denied the group ever provided proof of funds and has insisted he ‘would never’ sell to PAI which he claims is more interested in the property than the football at West Ham (Evening Standard).

PAI have divided opinion among Hammers fans thus far with much of their PR failing to convince supporters.

Indeed there is even a sizeable section of West Ham fans who believe it is better the devil you know with Sullivan and Gold despite having been actively pushing for the duo to leave.

Photo by Catherine Ivill AMA Getty Images

Silence from PAI almost one week after ‘positive news soon’ claim

Tomorrow marks one week since PAI told The Sunday Times a ‘second innovative bid’ had been submitted to Sullivan and Gold and believed there would be ‘positive news very soon’.

A spokesman for the firm told 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.”

There has been radio silence since.

 

Whether that means the bid has been dismissed out of hand or something is brewing only West Ham and PAI know.

What PAI probably didn’t bargain for was The Sunday Times effectively dismantling the reputations of those behind the firm.

FBL-ENG-PR-QPR-STOKE
Philip Beard. Photo by GLYN KIRK AFP via Getty Images

Less talk and more action if firm are serious about Hammers

Indeed the article’s strapline states: “A motley crew of lower-league City boys say they’ll buy the famous club for £400m. But are they really good for the money?”

One thing is for sure David Moyes has a good thing going at West Ham right now.

And with the Hammers back in Europe next week now is not the time for PAI to be rocking the boat unless they are deadly serious and – most importantly – have serious money to take the club forward.

If PAI do have the financial wherewithal to take West Ham to the next level then less talk and more action is needed.

Watch this space.

In other news, Triple boost for West Ham as Hasenhuttl confirms new Saints blow.

And David Moyes ‘spokesman’ kicks off charm offensive for potential January signing.

Have something to tell us about this article?