West Ham majority shareholder David Sullivan has reportedly rejected an opening takeover bid for West Ham worth a reported £400m.
The UK-based consortium – which includes former QPR chief executive Philip Beard – remains undeterred by the rejection of their opening bid by majority shareholder Sullivan and is currently planning their next steps.
The Mail reports that the group of investors are ‘deadly serious’ in their interest and are keen to strike a deal as quickly as possible as they bid to turn West Ham into a ‘major force’, handing David Moyes significant transfer investment in a hope of building on last season’s sixth-placed finish and Europa League qualification.
Despite qualifying for Europe, West Ham is yet to make any significant signing this window loanee Craig Dawson from Watford their only business of note to date. The team is interested in the services of midfielder Jesse Lingard but his wage demands and the fee wanted by his club Man United is something that is scaring the Hammers.
Sullivan previously claimed to have turned down a bid of £650m, whilst a £400m offer from an American-based consortium was also rejected last year and it might be difficult for potential buyers to fork more for the club.