Sullivan scoffs at ‘derisory’ bid

Fernandes, the Malaysian businessman behind AirAsia and the Lotus
Formula One team, announced yesterday he had submitted an offer for
the club he supports. But Sullivan told the Evening Standard: “Tony
Fernandes wanted to buy 51% of the club for two bob. “He thinks
somehow that we are desperate to have him involved or desperate for
the small amount of money he offered for 51% of the club.”
Fernandes first expressed an interest in taking over West Ham in
2009 but he lost out on that occasion to Sullivan and his business
partner David Gold. Sullivan and Gold do want to attract new
investors into a club that is saddled with debts that could rise to
over £100million following relegation from the Barclays
Premier League. “We are not looking to sell the club but, as we
have always said, we would love co-investors to join us in
rebuilding West Ham United, which has been our aim ever since we
took charge back in January 2010,” said Sullivan. “In the event
that a serious investor came forward as was the case at Chelsea and
Manchester City, we would naturally consider it for the good of the
club – but this is certainly not the case in this instance.” West
Ham on Wednesday appointed Sam Allardyce as the club’s 14th manager
and Gold confirmed he is under no pressure to sell star players
like Scott Parker. Matthew Upson is out of contract and is expected
to leave while Parker, West Ham’s player of the year, is sure to
interest a number of Premier League clubs. Striker Carlton Cole and
goalkeeper Robert Green could also be summer targets for top-flight
clubs. Gold said: “Will he be able to keep our best players? He has
got the remit to do so and we hope in some cases he will.”