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Report: West Ham reject take over bid

An American consortium proposing a takeover of West Ham is preparing an improved offer for the club after its opening bid of £350m was rejected last month according to Jacob Steinburg writing for the Guardian.

Steinberg claims the would-be buyers, who are involved in US sport, lodged a bid in the first week of August. Their valuation was based on the proposed £300m takeover of Newcastle by a Saudi Arabian consortium, plus an extra £50m because of West Ham’s London location. He says the initial offer was rebuffed by Sullivan who does not want to give up control.

The report continues that the bidders were told in strong terms that West Ham are not for sale but the possibility of them buying a minority stake. But the consortium wants to buy the club outright and will only consider a partial sale in return for a controlling interest. Steinberg adds that a fresh bid is expected in the next month.

Club insiders this evening insist that no formal bid has been received for the club but did not deny interest from an unnamed third party saying Premier League clubs get unsolicited interest all the time without producing proof of funds.

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About Sean Whetstone

I am Season Ticket Holder in West stand lower at the London Stadium and before that, I used to stand in the Sir Trevor Brooking Lower Row R seat 159 in the Boleyn Ground and in the Eighties I stood on the terraces of the old South Bank. I am a presenter on the West Ham Podcast called MooreThanJustaPodcast.co.uk. A Blogger on WestHamTillIdie.com a member of the West Ham Supporters Advisory Board (SAB), Founder of a Youtube channel called Mr West Ham Football at http://www.youtube.com/MrWestHamFootball, I am also the associate editor here at Claret and Hugh. Life Long singer of bubbles! Come on you Irons! Follow me at @Westhamfootball on twitter

12 comments on “Report: West Ham reject take over bid

  1. Lets see what offer you will get in June when west ham are in the championship. The cats out the bag, the mask has slipped (pun intended) we all know now you are just out for yourself and that is all.

    Sell up and go!

  2. Hope it materializes.

  3. If they truly love West Ham, as they say they do, then do what is right for the club and its ability to move forward as under them we are going backwards.

  4. No-one knows anything about those who bid. Those telling Sullivan to sell up to people they know nothing about should consider the possibility of new owners being worse than the current lot. Liverpool, Arsenal, Man Utd, Charlton, Blackpool, Wigan and likely many others have had fans protesting new owners in recent years. Be careful what you wish for, the grass isn’t always greener

    • It’s true that we know nothing of any potential bidder.
      We do, however, know plenty about the current owners.
      I’d rather take my chances on someone new and (more importantly) capable of running a club the size of West Ham coming in, thank you.

      • No one denying it Maca but sadly it doesn’t process anything. We know abiout present owners. What we need to know if this is real. We are attempting to find out

        • Why are they anonymous…is there a formal offer on table or is this an e mail. Read our latest story

          • This is Birmingham City all over again. That said, it’s also true that there’s no guarantee that new owners would be any better; remember the Icelander.
            We seem to be really unlucky with owners. How is it Man City, Leicester and Liverpool get lucky and we keep getting the dross.

  5. If these bidders are genuine and have the money and most importantly can prove it, then we need some help. Why not let them have a Minority Share, see if they are willing and able to plough in some investment into the Club, without taking vast sums out. If they work out let them have the Chair.

    • The bidders don’t want a minority stake. They either want a controlling interest (Anything over 50% share) or they want to buy the club outright. I’ll take my chances on these new owners as Sullivan and Gold are dead to me

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