West Ham United owners David Sullivan and David Gold have reportedly turned down a potential ‘informal approach’ to purchase the club by a third entity.
West Ham United Owners Gold and Sullivan turn down approach from former QPR executive for sale of the club
David Sullivan and David Gold who bought West Ham from CB Holdings in 2010 and are the principal shareholders of the London based club have rejected the approach from Beard as they deemed it was a vague offer and was not in the best interests of the club, its supporters or shareholders.
Sullivan and Gold do not want to sell the club at this instance and would only consider a possible sale if a prospective buyer is found having the best interests for West Ham as well as the finances to take the club to the next level.
As for the latest approach made by the former QPR executive, it was viewed by the owners more as a property deal rather than a football deal.
No interest of selling was shown and the approach was directly turned down as proof of funds were not provided, and no mention of investing in the transfer market to strengthen the first-team squad was made formally.
Sullivan and Gold are regularly approached by prospective buyers for the purchase of the London based club and it’s majority shares, but many of them turn out not to have the required funds to buy the club and more than often have no experience in football and consider it to be a business deal.
West Ham United will be playing in European competition for the first time in the club’s history, after finishing sixth and qualifying for the Europa League for the 2021-22 season, and now owners Sullivan and Gold are looking to make new additions to the squad and bolster the team for upcoming Premier League and European season.