Investment group make £400m bid to buy West Ham but see bid rejected - News Summed Up

Investment group make £400m bid to buy West Ham but see bid rejected


A group of investors based in the UK have made a takeover bid for West Ham worth more than £400million. However, the consortium— which includes former QPR chief executive Philip Beard — saw their offer rejected by Hammers majority shareholder David Sullivan. Beard worked closely on the London 2012 bid and spent three years as chief executive of The O2. The group want the deal done quickly so they can build on West Ham's sixth-placed finishSullivan has previously claimed he turned down a tentative bid of £650m, and an offer from an American-based group worth around £400m was knocked back last year. A West Ham spokesperson said: ‘We have received no formal offers to buy the club.’


Source: Daily Mail July 20, 2021 21:22 UTC



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