Liverpool FC Forum

by **daddyo** » Wed Aug 17, 2005 10:05 am

West Ham brace for £90M MSI takeover bid
tribalfootball.com - August 17, 2005

West Ham United's board are bracing themselves for a £90 million takeover bid from MSI.

The Guardian says a source close to Media Sports Investment, the consortium headed by the Iranian-born businessman Kia Joorabchian, confirmed last night that significant moves are expected "in the next couple of days".

MSI has already held talks with the West Ham board in London this month, when it was quoted a price of £60m for the club's equity, according to Joorabchian, MSI's chief executive. Added to that would be the club's declared debts of £30m and investments in its infrastructure and team.

However, MSI feels the price is reasonable. "You have to look at what is available on the market," said the source.

"Chelsea is not for sale, Aston Villa are talking about £78m, Newcastle would want £200m to take the club private, Tottenham also want £200m and Arsenal would be £400m at least."

"The consortium wanted a London club," added the source, "and something like Fulham will never be a big club. But West Ham were attracting crowds of 30,000 when they were in the Football League. Those fans are amazing."

Based upon those thoughts and figures, how much would we be worth?

by **H_K_LFC** » Wed Aug 17, 2005 10:31 am

well a think wed be worth more than arsenal cos we are europen champions

by **Gaunt** » Wed Aug 17, 2005 10:34 am

When Morgan was trying to buy us wasnt he offering something like 350mil+ ?

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