web analytics

Sullivan looks to invest in Birmingham

The Daily Mail is reporting that West Ham chairman David Sullivan has agreed to lend Laurence Bassini £33m to purchase Birmimgham City.

Their story says: “Sullivan’s loan offer makes clear he would take control of ‘the property assets of the club’ in the event of a default, raising the prospect of him regaining control of Birmingham 13 years after selling to Hong Kong businessman Carson Yeung for £81.5m.’

Sullivan, whose principal wealth comes from his property empire, may see this as purely a business transaction involving a loan with interest with Birmingham and it property assets as security.

The introduction of Daniel Křetínský as an investor at West Ham last year saw David Sullivan and Gold repaid their shareholder loans plus interest which they loaned to yjr Hammers between 2011 & 2014.

Start supporting Claret and Hugh today Claret & Hugh’s team of creators work with passion and pride to bring you the quality of content that keeps you coming back for more. Support for our creators, however big or small, will help us keep your Hammers content fresh, frequent and loyal to the club. £5 per month £10 per month £20 per month £50 per year

It could be this cash that Sullivan is looking to invest to get a return on. Suggestions that he could be on the verge of a return to Birmingham seem to be a leap too far.

Sullivan is a known business associate of Bassini but his potential bid is one of many on the table for Birmingham City.

Click Here for Comments >

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