A claim has been dropped on a potential takeover of West Ham United after Football Insider revealed GSB are standing firm on his £600m valuation.
As per the news outlet, both David Sullivan and David Gold are open to selling the London Stadium faithful and have already held talks with a number of different parties.
Should GSB sell West Ham?
Speaking to Football Insider, finance guru Kieran Maguire has claimed that the £600m sum that has been quoted is by no means an outlandish one:
“£600m I don’t think is unreasonable, except for the fact that they don’t own the stadium.
“What they do have in respect of the stadium is a very long rental agreement at a ridiculously cheap rate. It’s effectively being subsidised by the taxpayer.
“The potential is massive with a 60,000 capacity stadium and the London factor. London is very attractive to football tourists. If you got to Tottenham’s new ground at the weekend, the number of Asian fans as a result of the Son factor is phenomenal. Every single one of them goes into the Spurs megastore and buys the shirt with ‘Son’ on the back.
“I think with West Ham, it’s certainly towards the top-end of the estimate, but it’s feasible. If Burnley is worth £200m with a 20,000 capacity stadium then there’s no reason why West Ham shouldn’t get a significantly higher amount of money.”
Exciting times for West Ham
With the potential that GSB will sell the East London club, coupled up with David Moyes’ men currently sitting pretty in fourth spot in the Premier League table at the moment, this is an exciting time to be a Hammers fan.
A takeover of the Irons could well mean much more finances available to them, with any potential new owners perhaps looking to lay their marks in the next couple of transfer windows.
WHU is a very attractive club at the moment to invest in, given their current position in the league table as well as them being located in the capital, and it may only be a matter of time before a serious bid is put in.
Nonetheless, Maguire has suggested that the £600m valuation will not put off any potential bidders.
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