No Offers for West Ham

West Ham have confirmed that the club has received no formal offers to buy the club. A club source said today,

"There have been no significant developments at all, and no formal offer from any party. The club still envisage the sale will be a medium to long-term initiative."

David Sullivan however claims he has offered the owners a huge offer of zero money to take over 50% of the club. For that incredible offer of nothing Sullivan expects the present owners to leave him in charge of the club. He also insists that Straumur would still be responsible for paying off the club's debts.

According to a source, "There is no room for negotiation. If they reject his plan he'll look elsewhere."

It is rather strange that Sullivan wants to take over West Ham without taking on any of the debt. This week he has been attacking the new Birmingham owners and stating publicly that it is normal practise for the new owners of a club to take on the old debt.

New owner of Birmingham Carson Yeung has instructed his lawyers to go through the Blues accounts with a fine tooth comb, dating back to 2007. Yeung and his group were left with unexpected bills of around £6 million when they took over the club.

David Sullivan has responded angrily to this, saying,

"If you think about it, we have done nothing different to any other Premier League club. It’s said there’s £6 million in unpaid bills for transfers, agents, on players, but that is not unusual. Every club does things on the drip.

"I think they are naive to be shocked by it. I would bet that when Aston Villa were bought, it didn’t just cost £60 million but there were other liabilities the new owner had to meet."

Except Sullivan doesn't want to meet any liabilities in taking over West Ham.