Filed: Wednesday, 18th November 2009
By: Staff Writer
A spokesman has denied reports suggesting David Sullivan has placed a bid for a stake in West Ham United.
A report in today's Sun claimed that Sullivan had offered around £40million for a 50 per cent stake in the club - with quotes from 'an insider' who stated:
"Mr Sullivan is deadly serious about wanting to rescue the club. But West Ham's debts are frightening and nobody in their right mind would take on such a nightmare. So he's come up with an ingenious plan.
"He basically told Straumur: 'I'll turn this club round, I'll make it profitable and healthy but only if you give me a 50 per cent stake right now and leave me to run the ship with my people'. He then wants Straumur to disappear and leave him to turn the club around.
"They'd still be responsible for the debt but he'd inject £40million re-building West Ham. None of that money would be wasted on re-paying bad debts. There is no room for negotiation. If they reject his plan he'll look elsewhere."
However that has been refuted by an unnamed Hammers spokesman, who said this lunchtime: "Nothing concrete has happened yet - and no formal offers [have been] received from any group. The company will still provide for the long-term process."
Payet, Sullivan, Gold & Hurst: Wednesday's news [4th May 2016]
Come on the pitch, we'll cancel the party [3rd May 2016]
The KUMB West Ham Podcast: with Nat Coombs [26th Apr 2016]
The Old Lady coming to town [25th Apr 2016]
The KUMB West Ham Podcast: with Max Bretos [22nd Apr 2016]
Watford, Sullivan, Bilic & Cresswell: Wednesday's news [20th Apr 2016]
Leicester City, Sullivan, Bilic & Carroll: Saturday's news [16th Apr 2016]
Carr, Payet, Bilic & Manchester United: Thursday's news [14th Apr 2016]
The KUMB West Ham Podcast: with Tony Carr [12th Apr 2016]
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by raymond lucas
07:50PM 18th Nov 2009
''it seems that every report or story concerning the sale of West Ham is denied by the club, but I believe that there have been offers from various parties despite the debt. Other clubs are in far more serious debt yet there would be no shortage of takers.
I believe that Straumur are holding out with the intention of making a substantial profit on their investment, meanwhile the club and its supporters are left unsure of the club's future survival as a Premier League team.''