9 Dec 2009Gold and Sullivan 'table offer for West Ham United'

Football Clubs News | Football Finance News

David Gold and David Sullivan have made an offer to invest in West Ham United in return for a substantial shareholding, it has been claimed.

BBC Sport reports that the duo have promised to invest in the east London outfit in January and are seeking an option to buy the club outright at a later date.

Meanwhile, the Daily Telegraph states that the former Birmingham City owners are prepared to pay up to £30 million for West Ham United.

However, the newspaper also claims that their bid is expected to fail because CB Holdings, the company that owns the club, is unwilling to sell for less than £80 million.

CB Holdings is made up of creditors of Hansa - the company owned by former chairman Bjorgolfur Gudmundsson - and headed by Icelandic bank Straumur.

Last month, it was reported that Gold and Sullivan intend to launch a bid for Charlton Athletic if they fail to secure a deal at Upton Park.

Written by Terry Mitchell

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