West Ham sold

The very best posts from KUMB over the years ...

Moderator: Gnome

Re: West Ham (half) sold

Postby Chippenhammer on Sat Mar 27, 2010 6:32 pm

Thank god they came in and saved us.
User avatar
Chippenhammer
 
Posts: 4624
Joined: Wed Feb 16, 2005 8:58 pm
Location: In the future, when all's well.

Re: West Ham (half) sold

Postby mickfbrown on Tue Mar 30, 2010 11:59 am

Soccernet can reveal that West Ham United have opened talks with Middle East investors to become the latest Premier League club seeking cash from overseas.


Hammers co-owner David Sullivan and vice-chairman Karen Brady are in Dubai for talks with investors who are interested in buying the remaining 50% of West Ham United plc, owned by Straumar.

Current co-owners David Gold and Sullivan would remain in control of the club with one of the most important traditions in the English game, but the other 50% looks like falling into foreign hands.

That might not be very surprising any more, considering many of the major clubs are foreign owned: Manchester United, Liverpool, Chelsea, Manchester City, Aston Villa, Birmingham City, Fulham and Sunderland.

Hammers fans, though, will be reassured that the condition of any sale will be that club decisions remain in the hands of Gold and Sullivan.

An insider close to the talks told Soccernet on Tuesday: "I can confirm that David Sullivan and Karen Brady are in Dubai talking to investors who are interested in the 50% owned still by Straumar."

Clearly, the Hammers slipping deep into the relegation mire will not aid the talks.

The Dubai summit comes on the back of two successive home defeats against Wolves and Stoke City, which has put the club's Premier League status in jeopardy.

West Ham need to stay up to attract investors, and so any buy out of the Straumer 50% will be contingent on West Ham's survival as the Middle East big hitters want to invest in the Premier League.

Little wonder the pressure is so intense on manager Gianfranco Zola and his West Ham team as the stakes couldn't be higher.

Sullivan has already told Soccernet that it would cost the Hammers in excess of £40 million in year one alone if they went down, but it would also cost them the investment the club urgently need.

Gold and Sullivan's master plan is to use the investment for a major overhaul of the playing staff in the summer.

It could see West Ham joining the big boys such as Manchester City and Chelsea in the hunt for top talent, and that would be a major attraction for the manager, whether or not it is Zola, remains to be seen.

But it could bring in one of the managerial big hitters, if West Ham had the ability to increase their transfer budget significantly.
User avatar
mickfbrown
 
Posts: 2034
Joined: Mon Oct 09, 2006 11:17 am

Re: West Ham (half) sold

Postby w6hammer on Tue Mar 30, 2010 12:48 pm

Doubt they will want to know when we go down :wink:

its typical of us if we stayed up this could happen. Headbanger
w6hammer
 
Posts: 2004
Joined: Sat Jul 19, 2008 4:40 pm

Re: West Ham (half) sold

Postby garage on Tue Mar 30, 2010 12:54 pm

****ing typical been waiting for some rich arabs to come in and invest so we can challenge the top six :(
User avatar
garage
 
Posts: 755
Joined: Tue Jun 07, 2005 10:49 pm

Re: West Ham (half) sold

Postby beckton on Tue Mar 30, 2010 12:57 pm

w6hammer wrote:its typical of us if we stayed up this could happen. Headbanger



No, even if we stayed up we'd get the Arab whose oil well ran out just after buying 50% of the club.
User avatar
beckton
 
Posts: 13568
Joined: Mon Apr 21, 2008 3:41 pm
Location: Hanging on by my fingertips.

Re: West Ham (half) sold

Postby claret and bobby on Tue Mar 30, 2010 1:02 pm

Very frustrating. Makes me worry about the championship more tbh, nobody other than G&S would buy the other half if we go down and if G&S are so desperate to get other investors... do they have enough to keep us afloat? :|
User avatar
claret and bobby
 
Posts: 836
Joined: Fri Jan 23, 2009 5:09 pm

Re: West Ham (half) sold

Postby w6hammer on Tue Mar 30, 2010 2:41 pm

beckton wrote:

No, even if we stayed up we'd get the Arab whose oil well ran out just after buying 50% of the club.


:lol:

lets be honest why have sully/brady gone out there for discussions when they must realise we now have a very strong chance of going down?? it dont make sense at this moment in time unless they are still going to be interested if we do go down..is this a bullsh*t story?
w6hammer
 
Posts: 2004
Joined: Sat Jul 19, 2008 4:40 pm

Re: West Ham (half) sold

Postby ashbanki on Tue Mar 30, 2010 3:01 pm

I think it is imperative that CB Holdings get bought out before Straumur finally go bankrupt in September or we will be passed on to yet another Icelandic creditor who will kid themselves they can make a killing and rip up any agreement the Davids had made with Bernhardt.
ashbanki
 
Posts: 2700
Joined: Tue May 27, 2008 9:34 am

Re: West Ham (half) sold

Postby bristolhammerfc on Tue Mar 30, 2010 3:07 pm

Got a feeling Ash that if G&S feel its going that way, they will then buy the other 50% themselves. :think:
User avatar
bristolhammerfc
 
Posts: 8206
Joined: Mon Jun 04, 2007 5:50 pm
Location: In the city of Brunel, balloons and banksy

new investors?

Postby cockney hammer on Tue Mar 30, 2010 7:52 pm

from espn
West Ham enter Dubai investment talks

West Ham United have opened talks with Middle East investors to become the latest Premier League club seeking cash from overseas.

Hammers co-owner David Sullivan and vice-chairman Karen Brady are in Dubai for talks with investors who are interested in buying the remaining 50% of West Ham United plc, owned by Straumar.

Current co-owners David Gold and Sullivan would remain in control of the club, but the other 50% looks like falling into foreign hands. That might not be very surprising any more, considering many of the major clubs are foreign owned: Manchester United, Liverpool, Chelsea, Manchester City, Aston Villa, Birmingham City, Fulham and Sunderland.

Hammers fans, though, will be reassured that the condition of any sale will be that club decisions remain in the hands of Gold and Sullivan. An insider close to the talks told Soccernet on Tuesday: "I can confirm that David Sullivan and Karen Brady are in Dubai talking to investors who are interested in the 50% owned still by Straumar."

Clearly, the Hammers slipping deep into the relegation mire will not aid the talks. The Dubai summit comes on the back of two successive home defeats against Wolves and Stoke City, which has put the club's Premier League status in jeopardy.

West Ham need to stay up to attract investors, and so any buyout of Straumar's 50% will be contingent on West Ham's survival as the Middle East big-hitters want to invest in the Premier League. Little wonder the pressure is so intense on manager Gianfranco Zola and his West Ham team as the stakes couldn't be higher.

Sullivan has already told Soccernet that it would cost the Hammers in excess of £40 million in year one alone if they went down, but it would also cost them the investment the club urgently need.

Gold and Sullivan's master plan is to use the investment for a major overhaul of the playing staff in the summer. It could see West Ham joining the big boys such as Manchester City and Chelsea in the hunt for top talent, and that would be a major attraction for the manager, though whether or not it is Zola remains to be seen.

Any significant boost in investment and the increased transfer kitty that would come with it could be an attractive proposition for a big-name boss to take on the challenge of the Upton Park managerial hotseat.

that will be well handy :thup:
User avatar
cockney hammer
Resident badge expert
 
Posts: 104116
Joined: Sat Dec 07, 2002 1:52 pm
Location: http://boleynbadges.com

Re: new investors?

Postby Gertcha on Tue Mar 30, 2010 8:12 pm

Taken from WHO

Just signed with Sullivan, f**cking unbelievable. Only at West Ham ;-(

DUBAI - The body of the managing director of Abu Dhabi Investment Authority (ADIA), among the world's biggest sovereign funds, has been found after a glider plane crash in Morocco, Al Arabiya television said Tuesday.

Sheikh Ahmed bin Zayed al-Nahayan is also a member of the Abu Dhabi ruling family.

Tue Mar 30, 2010 2:08pm BST


First Jim Bowe now this..... not that it has been confirmed he had anything to do with the talks with Sullivan.
User avatar
Gertcha
 
Posts: 302
Joined: Mon Feb 19, 2007 10:59 am
Location: Gatwick

Re: new investors?

Postby Francoisvander or else on Tue Mar 30, 2010 8:14 pm

Gertcha wrote:Taken from WHO

Just signed with Sullivan, f**cking unbelievable. Only at West Ham ;-(

DUBAI - The body of the managing director of Abu Dhabi Investment Authority (ADIA), among the world's biggest sovereign funds, has been found after a glider plane crash in Morocco, Al Arabiya television said Tuesday.

Sheikh Ahmed bin Zayed al-Nahayan is also a member of the Abu Dhabi ruling family.

Tue Mar 30, 2010 2:08pm BST


First Jim Bowe now this..... not that it has been confirmed he had anything to do with the talks with Sullivan.


Lucky b*stard :)
User avatar
Francoisvander or else
 
Posts: 3114
Joined: Fri Feb 18, 2005 9:33 pm
Location: Certainly not in a JJB store

Re: new investors?

Postby Oldun on Tue Mar 30, 2010 8:18 pm

Hes been missing for 4 days so i dont suppose he was in talks do you, the glider accident was in Sardinia though.
User avatar
Oldun
 
Posts: 6113
Joined: Mon Apr 11, 2005 9:59 am
Location: living in the past and loving it.

Re: new investors?

Postby Pop Robson on Tue Mar 30, 2010 8:23 pm

OLDUN wrote:Hes been missing for 4 days so i dont suppose he was in talks do you, the glider accident was in Sardinia though.



Was Zola flying it ?
User avatar
Pop Robson
 
Posts: 15972
Joined: Wed Apr 16, 2003 9:12 pm
Location: Looking for the 50,000

Re: new investors?

Postby Oldun on Tue Mar 30, 2010 8:27 pm

No he was there , the Shiekh was saying "is that our car phone i can hear" and Zola said " no, we havnt got one"
User avatar
Oldun
 
Posts: 6113
Joined: Mon Apr 11, 2005 9:59 am
Location: living in the past and loving it.

Re: new investors?

Postby Pidge on Tue Mar 30, 2010 8:44 pm

I will keep my eyes peeled for Karen and Dave. ADIA wouldnt invest in football they arent that stupid.
User avatar
Pidge
 
Posts: 1685
Joined: Wed Aug 10, 2005 1:16 pm
Location: Dubai

Re: new investors?

Postby RichieRiv on Tue Mar 30, 2010 9:08 pm

Dubai is potless.

I think we've had our fill of skint investors.
User avatar
RichieRiv
 
Posts: 14826
Joined: Tue Dec 17, 2002 3:35 pm
Location: http://www.helpforheroes.org.uk/

Re: new investors?

Postby szola on Tue Mar 30, 2010 9:18 pm

Was it Ironball who set up a page for potential investors? Should be forwarded to the Sullivans.
User avatar
szola
 
Posts: 12499
Joined: Thu Nov 17, 2005 9:33 am
Location: Bumblebee is back

Re: new investors?

Postby cockney hammer on Tue Mar 30, 2010 10:55 pm

the guardian

http://www.guardian.co.uk/football/2010 ... ham-united

David Sullivan flies to Dubai in search of new investors for West Ham

• West Ham's co-owner seeks funds for remaining 50% of club
• Vice-chairman Karren Brady helps boost Sullivan's sales pitch


West Ham United's co-owner David Sullivan is in Dubai attempting to persuade businessmen that West Ham are a sound investment. Photograph: Akira Suemori/AP

David Sullivan, West Ham United's co-owner, and Karren Brady, the vice-chairman at Upton Park, have travelled to Dubai to hold talks with potential investors in the Premier League club which they hope will lead to an offer for Straumur's 50% shareholding.

When Sullivan and David Gold paid £44m for a 50% stake in West Ham in January they signed an agreement that would give them the option over the next four years to acquire the remaining 50%.

Sullivan, however, made it clear at the time that he would welcome other investors, including Tony Fernandes, the head of the Lotus Formula One team and a lifelong West Ham supporter, who had also hoped to take control of the club at the turn of the year.

With no sign of any progress on that front, the latest development has seen Sullivan and Brady make a trip to the Middle East this week to hold meetings with a number of prospective buyers.

The pair arrived in Dubai with a prospectus to support their long-term plans for West Ham, which include moving to the Olympic Stadium in Stratford after the 2012 London Games, and remained in discussions with interested parties tonight.

How easy it will be to generate genuine interest in a club that has lost its last six matches and faces the prospect of revenue streams being slashed in the event of relegation to the Championship remains to be seen but Sullivan and Brady will not lightly be discouraged.
User avatar
cockney hammer
Resident badge expert
 
Posts: 104116
Joined: Sat Dec 07, 2002 1:52 pm
Location: http://boleynbadges.com

Re: West Ham (half) sold

Postby OFT on Tue Mar 30, 2010 11:06 pm

Well the manager and players are on a mini break so why not the owners?
User avatar
OFT
 
Posts: 11111
Joined: Mon Apr 04, 2005 11:59 pm
Location: Sleepin’ in a bayou on a old rotten cot

PreviousNext

Return to KUMB Hall of Fame

Who is online

Users browsing this forum: No registered users and 2 guests