An investment firm interested in purchasing West Ham have stated their takeover bid is ‘serious’ as they look to establish the side as regular contenders for the top six.
PAI Capital saw a £400m offer for the Hammers rejected by majority shareholder David Sullivan, but are continuing to push ahead with ambitious plans to acquire the east London side from the current ownership.
Sullivan claimed the investors did not demonstrate proof of funds following their opening offer, a notion that has been refuted by managing partner Nasib Piriyev – a West Ham fan – who remains determined to strike a deal.
Piriyev has said that his company are ‘serious’ in their takeover bid of the club and believes Sullivan should accept their offer in the best interests of the club, community and fans.
“If Mr Sullivan does not agree to our offer, he has the full right to do so,” Piriyev told the Mail.
“Although I do believe any owner of a brand of West Ham’s calibre must also feel a duty to the community and fans.
“Our business model will change the way the club operates. It will become part of a larger set-up which guarantees more sustainable development so we can compete for the top six every season.
“What (Sullivan) can’t do is say that we are not serious. We will continue pursuing this opportunity and make our best efforts to get him to agree to our offer.”
Sullivan and co-owner David Gold purchased an original 50% stake in West Ham in 2010, but have come under criticism during their ownership, including over a lack of investment and perceived broken promises regarding the club’s move to the London Stadium in 2016.