Kieran Maguire: Mega-rich US and Asian investors 'sniffing around' amid major West Ham takeover development
Mega-rich potential buyers will flock to West Ham – and “price is no barrier” to some of them.
So says finance guru Kieran Maguire, speaking exclusively to Football Insider after David Sullivan rebuffed a £400million buyout approach in an expert verdict that many disgruntled fans will love.
The bid came from a consortium spearheaded by former Queens Park Rangers powerbroker Philip Beard.
Speaking to BBC Sport on 21st July, majority shareholder Sullivan said he’d rejected multiple bids from “weird and wonderful people” in the past.
And Maguire has no doubts that there is a sizable market of financiers who have the fiscal muscle to spring a takeover bid.
“I don’t think the price is a barrier for an ultra-high net worth individual,” he told Football Insider correspondent Adam Williams.
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“What we have seen over the course of the pandemic is that, if you take a look at Forbes or the Sunday Times Rich List, the rich have benefitted significantly from Covid in terms of their asset values.
“That is especially true if they have non-bricks-and-mortar establishments as their main revenue drivers. So there is certainly a market.
“The Chinese market is ruled out as the Communist Party there have decided ‘conspicuous consumption’ is not the route they want to go down.
“But there is an awful lot of wealth in the rest of Asia. There are also many people in the US that are sniffing around clubs.
“So I don’t see any problems in finding a suitor for West Ham. It’s just a case of are Gold and Sullivan being a bit frosty with the money and the figures that they are quoting.“