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Irons Takeover update: Chinese interest claimed

By ClaretandHugh staff reporters

Two Chinese ‘parties’ are said to have joined the battle for control of West Ham as the American consortium which has failed with two bids muses over its next move to get the club.

A Twitter user calling himself  Secret Agent – who was responsible for first revealing on Spencer Owen’s YouTube of the American interest –  claims in an update the Chinese have entered the fray and that club is to have new owners this year.

The self-styled ITK who claims to have worked for a football agency for 12 years said there’s further interest in #WHUFC since the owners have refused to entirely kill off the bidding war.

He adds: ” 2 Chinese parties. * Americans to bid again imminently. * WH legend helping to negotiate the deals and will take board seat. * Offer accepted in the next 2/3 wks. * Club to have new owners this year.”

The Chinese connection, however, looks very unlikely as the Premier League with tensions aflame between themselves and the country.

The league actually terminated their broadcasting rights deal with Chinese digital broadcaster PPTV at the start of the month.

The Financial Times reported at the time that the deal was worth a total of $700m (£539.8m) and was “abruptly terminated”.

That deal had been set to expire in 2022, and its cancellation was sparked by PPTV withholding payment to the league when the division was shut down by COVID.

Secret Agent’s claim that we could have new owners this year also seems miles wide of the mark given the various issues involved.

Mike Ashley’s hopes of selling Newcastle crashed after months of negotiations and such considerations as the 2023 clause on Hammers paybacks to Government in the event of a sale has to be considered.

There’s also the question of the takeover price, should the Hammers collapse into the Championship along with uncertainty that Gold and Sullivan are ready to sell at all!

Should such complicated issues be settled the Americans are well to the fore in any takeover with the mystery bidders

 

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About Dave Langton

A journalist with 10 years' experience of working on National newspapers, now chief reporter covering the club that I've loved since I was a boy. Upton Park remains the greatest football stadium ever built.

10 comments on “Irons Takeover update: Chinese interest claimed

  1. So far this ITK has been right with what he has put out there, so we shall see. The question is will Sullivan over inflated ego see him be prepared to sell. I hope so, 3 weeks until the end of the transfer window and we are nowhere near bringing in the additional player investment required, its an absolute disgrace. GSB Out

    • You happy with Chinese ownership?

    • Old Chinese proverbs, ‘ Be careful what you wish for’. As I remember, didn’t they take over Cardiff and tried to change the Bluebirds to Redbirds? Plus, Cardiff have not exactly exactly rocked up the Championship into the Premiership.
      Not sure if the Americans would be much better? Would they just see us as a piece of real estate?
      It would be nice to get Leicester type owners but they are few and far between.

      • Cardiff are owned by a Malaysian, but hey, lets not let the truth get in the way.

        The Leicester owners are from Thailand by the way.

        • I stand corrected and am duly chasened.
          Just text a Welsh mate who supports Cardiff. The owners apparently turned down a UK based group bid earlier this year.
          When Vincent Tan Chee Yioun bought the club in 2012 he tried to rebrand the club and change the colours from Blue to ( the lucky Chinese/Malay colour) Red.
          The supporter weren’t happy to put it mildly and the decision was reversed. Allegedly😊

  2. Definitely time to hand over the reigns, haven’t heard of any Chinese owners doing well in Football most of the successful takeovers in terms of results have come from the Middle East, it shows also that British owners aren’t up to it, certainly not on a financial level, in our case despite having good intentions and a lot of experience none of that has ever translated into moving the club dramatically forward, Payet did elevate us for a couple of seasons but as soon as he was gone all of the flaws of bad management on and off the pitch were exposed.

  3. Anything is better than the Berks, with there false promises #GSBOUT

  4. I think we need to get away from the Nationality of any ownership. For example; Thai ownership wouldn’t be everyone’s first choice but look at Leicester and Americans have not hurt Liverpool. It depends on the person, or team of people, and what their intentions are.

    We need a solid long term business plan and a move away from mismanagement. Ideally with some initial investment in the areas that these cancerous owners have neglected so badly.

  5. The closest thing to Chinese thats coming to the Olympic Park is a #37 from Busaba westfield

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