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."
85 per cent [14th May 2013]
Sam signs [11th May 2013]
Sullivan panned for Di Canio outburst [4th Apr 2013]
Gold's relief [23rd Mar 2013]
Stratford: the key points [22nd Mar 2013]
Goodbye, Boleyn Ground [22nd Mar 2013]
Gold on Allardyce contract [4th Mar 2013]
Sullivan reveals threats of violence [1st Feb 2013]
Diame bid wide of the mark [31st Jan 2013]
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.''
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