Danny Mills says that the “fantastic” deal that West Ham managed to get when leasing the London Stadium helps make the club an attractive proposition for new investors.
Speaking exclusively to Football Insider assistant editor Russell Edge, the former Manchester City and England full-back says that there are a number of factors which point towards the Hammers being the interest of a potential buyout, including their settled Premier League status.
The Daily Mail have reported that West Ham are among a number of clubs who are attracting potential investment but that Davis Sullivan’s £600million asking price is putting interested parties off.
Mills says that a lot works in West Ham’s favour when it comes to a potential sale, highlighting the cost of the lease for the use of the London Stadium as a huge bonus.
Mills told Football Insider: “They don’t need to sell, they don’t need the money. If someone wants to buy it, the ground is very, very cheap, they’re an asset-rich club, it looks like they’re going to be in the Premier League for a few years – valuations are whatever somebody wants to pay for it.
“It’s probably realistic when you look at it; they don’t owe a huge amount of money, they did a fabulous deal on the stadium, they’re getting 40-50,000 fans through the door, they’ve brought in some good players as well so I don’t think there’s any real fear they would go down.”
As detailed by the BBC, West Ham pay £2.5million-a-year to use the London Stadium to host their home games, securing a 100-year deal from 2016.
West Ham’s highest attendance of the 2018/19 season was against Everton, with 59,988 fans almost filling the full 60,000 capacity, while their average attendance in the Premier League was 58,336.
In other West Ham news, Manuel Pellegrini is worried that one of his top stars in east London is getting “bullied”.