Kieran Maguire blasts unprofessional PAI after West Ham takeover blunder
PAI lack a professional strategy and it is becoming increasingly evident that their West Ham takeover ambitions are “poorly researched”.
That is the view of finance expert Kieran Maguire, speaking exclusively to Football Insider about the consortium’s latest PR blunder.
As per Football.London on 14 August, PAI managing director Nasib Piryev falsely claimed the Irons: “struggled to fill a 35,000 seater venue in previous years.”
West Ham majority shareholder David Sullivan told BBC Sport in July that he had rejected a “derisory” takeover approach from PAI in February.
The investment firm are now on the PR offensive having recruited Rio and Anton Ferdinand as ambassadors for a proposed takeover.
But Maguire suggests that PAI should get the fundamentals right before they attempt to takeover a club of West Ham’s stature.
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“This [attendance claim] just isn’t true,” he told Football Insider correspondent Adam Williams.
“It doesn’t bode well and it sounds like it’s been poorly researched. West Ham currently sell 57,000 season tickets and have sold out for years.
“It’s indicative of PAI not really having a professional strategy. Don’t conduct negotiations through social media or the radio, that would be my advice.
“What they are trying to do is say ‘we are the good guys because we are not Gold and Sullivan’. So that in itself is not sufficient to run a club successfully.
This site revealed in July that Sullivan and co-owner David Gold are keen to part-sell their shares in West Ham.
The duo are willing to part with a combined 30 to 40 per cent of their 86 per cent shareholding.