West Ham have totally rubbished a story that energy drinks giant Red Bull could take over the club for £200 million.
The piece came in this morning’s Sun where it is claimed the Hammers were being targeted by the Austrian firm because they saw the London Stadium “as central to their branding and marketing ethos.”
And claiming the club is worth around £200 million the story adds that David Gold and David Sullivan will come under pressure to sell.
But the story was immediately rubbished by club sources who told ClaretandHugh: “£200 million? – the Davids have pumped around £150 million in since 2010.
“West Brom was sold for around £200 million – does anybody believe this club is worth the same. Ridiculous.
“The club is not for sale but if you were to be placing a value on it you would be talking around £800 million. The idea of selling for £200 million is utterly ludicrous and that is the big flaw in the story.
This is not a new rumour, the valuation is ridiculous when you look at the profit we can turnover each year with our unbelievable stadium deal. When you look at the positive effect Red Bull have had at their other clubs I certainly wouldn’t be averse to them taking over if they were genuinely interested unlike this recycled story.
but only on loan ….
It does occur to me that if Tore and Feghouli leave in January, Red Bull could give us wings.
EH?
Who knows what the truth is, the owners are bellow half way in wealth in the Premier League talk big but as summer proved are more about smoke and mirrors than true investment be it in club or team and the embarrassment of being found out after that baseless big talk in the summer means their charade of success is no longer sustainable even amongst the more gullible supporter or commentator. Plus their words are continually changed, modified or simply dispensed to the dustbin of history like the present one where the looking for minority investment becomes not looking for investment. The passing to their children dirge hardly seems deliverable in any real sense with far too many questions raised over the viability of that at even at a casual glance at the facts, and most recently the evidence of that supposed commitment at the sharp end. Once Payet leaves next Summer what’s their ‘story’ going to be then? Big talk will stretch well beyond their capabilities in money or words any longer, the club’s fire state when they took it over increasingly a distant memory, so letting the supporter down delibeaeately or more of their delusional pronouncements will be their only future barring a small, or large miracle.
Suspect there will be endless words of commitment to the very moment whatever change be one public. Whether that is Red Bull or Timbucktu Enterprices who knows. But the illusion of serious progress seems more of a show for potential new investors than to any serious long term commitment like the dreaded commitment to a manager comes before the fall.
Rubbish valuation … Keep reading that we can only sign loan players because of lack of funds . The owners will not put their hands in their pockets to buy some decent players . This is their perogative but on this basis they should move on and let the club develop . They are holding us back . No chance of looking important and respectable as porn barons so hiding behind West Ham and the OS.
What does appear to me to be a ‘load of red bull’ is the notion that the club is worth £800M.
It doesn’t own the stadium and the player assets wouldn’t be worth more than £100M imo.
So £200M for the Club seems to me to be rather on the high side.