American investment fund 777 Partners remain determined to acquire a Premier League club with West Ham United a potential target, according to the Daily Mail.
The US-based fund pulled out of a deal to take over at Everton after it was revealed Toffees majority shareholder Farhad Moshiri had entered into an exclusivity period with MSP Sports Capital.
And according to the Daily Mail [28 May], it seems as if 777 partners are still determined to fully take over a Premier League club after their Everton failure.
“Sources close to the group have not been put off from buying a club in England, with Sheffield United and West Ham United seen as potential targets.
“It is understood that the group valued the Goodison Park club at closer to £400m, or £200m lower than initial reports had suggested. Relegation fears were among concerns that pushed their valuation down.
“777 sources also suggest they are interested in a full takeover or acquiring a majority share in a Premier League club, rather than a minority investment”, the report reveals
Fresh impetus
West Ham United definitely need some fresh impetus from behind the scenes and a takeover from 777 partners could help in doing just that.
However, a takeover at the London Stadium won’t be easy to complete given the number of shareholders involved currently at the club.
Daniel Kretisnky is more than likely going to become the new West Ham United full owner at some point in the near future but there’s also David Sullivan and the estate of the late David Gold that also comes into focus at the London Stadium.
The Irons desperately need some new direction both on and off the pitch after a rather disappointing Premier League campaign where they flirted with relegation for a period of time.
It’s clear 777 partners have ambition, even after their disappointment at Everton and West Ham United certainly represents an attractive option to acquire, however, there is a power struggle among the Hammers board making any kind of takeover incredibly unlikely.
