Journalist Paul Brown has questioned PAI Capital’s motives after they publicly revealed that they had an offer for West Ham United turned down.
The Lowdown: PAI Capital have offer rejected
PAI Capital made a takeover offer which included an immediate £150m cash influx into the club.
They released a statement detailing the offer, but it was duly rejected by West Ham United.
The Latest: Brown questions consortium’s motives
Speaking to GiveMeSport, Brown questioned PAI Capital’s motives by publicly discussing the deal. He said:
“I’d be a bit wary when someone shouts so loudly in public about wanting a club. You wonder about the motives there. It just doesn’t seem the way to do a deal.
“If you’re putting together a complicated takeover bid, you just don’t go shouting in the press about it. It doesn’t really work, it’s not a good tactic and these people know that, so there must be another reason why they did it.”
The Verdict: Different way of doing things
Brown is right in suggesting that takeovers are rarely so openly discussed in public by those involved. After all, these deals are often very complicated and are at times difficult to explain to supporters. However, there should be no reason why an investor should not make it clear they want to purchase a football club.
Would you like PAI Capital to takeover West Ham?
After all, isn’t that what fans want, owners who are clearly invested in the club and desperately want to be involved? In many cases, it is likely to get the fans on board if they see someone who is committed looking to buy the club. In this case, though, it seems that PAI Capital have failed, so far at least.
In other news, West Ham are prepared to sell this star
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