Duo's final bid for Hammers
By Tom Dowsett
Thursday 10 Dec 2009 12:15:00
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Today's Guardian reports that David Sullivan and David Gold have tabled an offer of around £42m for West Ham United.

The offer outlines two proposals. One is to buy West Ham outright and assume full control and the other is to purchase a 50% stake that would come with the guarantee of funds for new players.

The duo would effectively become strategic partners, although they would demand to have complete authority when it comes to the running of the Club.

There have been reports that Straumur, the largest shareholder in CB Holdings, is seeking close to £80m, suggesting that Sullivan and Gold will come up short with their bid.

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On the field the situation is not ideal, with the threat of relegation hanging over the club. Indeed West Ham's perilous league position – one point and one place above the bottom three ahead of Saturday's trip to Birmingham City – together with the opening of the transfer window three weeks tomorrow mean that Gold and Sullivan, as well as any other prospective buyers, will demand a swift response to their proposals.

It may well be that West Ham's ownership structure remains unchanged, with Andrew Bernhardt, the chairman, insisting there is no pressure to sell if an acceptable offer is not forthcoming.

It remains to be seen how well the duo's bid will be received.

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