West Ham have once again been linked with a take over or investment by Chinese investors. In the last 24 hours news broke that Man City group sold a 13% stake in the club, worth £265m, to a consortium of Chinese investors.
City Football Group (CFG) has sold the stake to CMC (China Media Capital) and investment company Citic Capital. CFG is an investment and development company which is privately owned by Sheikh Mansour of the Abu Dhabi royal family. It also includes New York City FC, Melbourne City FC and Yokohama Marinos.
BBC reporter Dan Roan tweeted today that the same fate could happen to West Ham next year after the move to the Olympic Stadium. Roan who recently fronted a BBC documentary on the Olympic Stadium ‘How the Hammers stuck Gold’ said “Some suspect the one Chinese would really like is West Ham (Olympic Stadium, already own nearby land). Not for sale apparently, let’s see”