Breaking down PAI Capital’s HOT West Ham takeover plot
The consortium or PAI Capital are hoping to buy West Ham United and has released their first full statement since the group’s interest was announced.
Just over a week ago, we helped break on the site about the initial news of PAI Capital attempting to take of West Ham United. Since then, silence and waiting have been the task at hand; until now. Yesterday the consortium posted their new intentions, one in which they claim to have reached an agreement to take “full control” of the London Stadium.
That agreement seems to have made traction, but the ones to take over as majority shareholders from David Gold and David Sullivan are still halted by “constructive and realistic negotiations” with the club’s owners. Not an easy task, as many West Ham fans will tell you.
Whether their previous claims of bringing in West Ham legends is true or not, a few past Hammers have been their name with the fame of PAI. Brothers Rio Ferdinand and Anton Ferdinand seem to be very for this move, even having this to say about the potential move:
Breaking down PAI Capital’s HOT West Ham takeover plot
"“We love this club with a passion, both Anton and I are really happy that PAI want to come in and help improve the experience for fans, and I’m delighted they have asked us to play a big part in the club if their bid succeeds.”"
That quote and everything the company posted on their official site leads us to believe that they are at least very close to securing a stadium deal and making it a fortress for years to come. Besides those two pieces of information, nothing else has been agreed upon or even talked about.
Nothing is set in stone for what will happen with the playing side of football or whether or not David Moyes would get a boost in funds. However, this chatter still waters to a dry spell for the club, and one claim does give us hope. They stated they want to make the LS a home to be proud of. Words we’ve heard before but hope to still believe in,
The Boleyn is gone, and it is time to get closer and officially move on from those times. With the right adjustments, the LS could become a new home just like our old one. Not the same, but respectable. Right now, West Ham and their fans don’t have that.
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A day later, there is still a lot to ponder, but it’s good to see movement. What’s next? Nobody knows, but there is a clear advocate for the fans pushing for this to happen, and the cogs are moving in the right direction.