WHO Poll
Q: 2021/22 What competition should we prioritise this season?
a. The league is our bread & butter, so this year let's have a club sandwich
24%
  
b. We're owed an FA Cup after Gerrard nicked our last one in 06, our name's on it in 22
9%
  
c. A bye to the League Cup 3rd round gives us a good start, let's make it count
5%
  
d. The Europa is our best ticket to the Champions League, this is the one
37%
  
e. What's wrong with you, let's do the lot, has the quadruple ever been done
25%
  



Irish Hammer 11:08 Sat Oct 9
Article: Our offer is on the table’: PAI Capital retain interest in buying West Ham
Never thought I’d say this. But GSB in !


Our offer is on the table’: PAI Capital retain interest in buying West Ham

In a week where euphoria has gripped Newcastle United supporters following their Saudi Arabia-backed takeover, PAI Capital have re-emerged to give assurances to West Ham United fans that the club’s future can be just as exciting with them in control.

PAI remain interested in buying the Premier League side and Nasib Piriyev, the head of the consortium, met with our reporters to outline his long-term plans for the club.

We have has analysed the main talking points during the 25-minute interview.

Are PAI Capital still interested in buying the club?

The consortium made a bid of £400 million for West Ham but chairman and majority shareholder David Sullivan dismissed the offer, describing it as “derisory”.

Discussing the proposed takeover on Our Football Podcast, Piriyev said: “Our offer is on the table and we would like to have proper closed-door discussions with the owners, but anything we do is now rejected.”

Co-owners Sullivan and David Gold have rejected two bids from PAI Capital and have no intention of selling the club to them. In July, Sullivan told out reporters the consortium that approached them did not provide proof of funds, and no mention was made of investing in the transfer market to strengthen the first-team squad.

“(They) had zero interest in the football side and saw it as a property move,” Sullivan added. “It was a property, not a football, deal to them.”

However Piriyev, a lifelong West Ham supporter, remains interested in buying the club. He is eager to develop the Olympic Park and believes the London Stadium could become a multi-purpose venue, hosting concerts, baseball and other sporting events.

Piriyez explained how there are no plans to increase the initial offer. He said: “I will always love the club, I have supported the club since I was a little child and we will always be there. We want to do this project, our offer is on the table, we won’t increase the price again, it’s already inflated and we are sure no one else will be able to meet this price expectation.

“We’re able to do it because it’s part of a bigger business project. Our offer is about injecting new equity into the club. Not only will the current owner get a high valuation on their shares, but in our last bid we disclosed there will be £150 million of new money that will be injected into the club.”

The group were also backed by former West Ham players Rio and Anton Ferdinand, and Tony Cottee.

When asked whether the consortium were able to provide proof of funds, Piriyev said: “The answer is yes.”

He added: “We did send all the proof of funds. With the second offer, we made sure there was no more speculation about proof of funds. The money is British funds, we are a British consortium, I moved here six years ago, our partners who are behind the bid are also based in London.”

What plans does Nasib Piriyev have for West Ham?

During the interview, Piriyev explained why the club needs a long-term development strategy and outlined why the stadium and park are the most important parts of the project.

“We’ve had fans say, ‘We don’t care about the surroundings or the stadium, what are you going to do with the club?’,” he said. “We’ve tried to answer those questions and it’s fair to look at the park and the stadium as integral parts. The club now lives there, it’s the home of the club and these surroundings, which are amazing, should help with fan experiences.

“It’s part of the bigger attraction. It’s part of West Ham becoming something bigger than a local club, which is the transition the club is now experiencing.”

In August, when PAI Capital released a statement on their takeover plans, the consortium announced they had reached the core principles of agreement with London Legacy Development Corporation regarding a long-term lease over the London Stadium. This would see PAI Capital take full control of the stadium, on the condition they successfully conclude a deal for majority control with co-owners Sullivan and Gold.

In March 2013, West Ham secured a 99-year lease and UK Athletics, which runs the sport of athletics — or track and field — in Great Britain, received a 50-year deal for the use of the London Stadium.

“If you look at it from a short-term perspective, it is a good bargain but the club doesn’t own its own stadium,” said Piriyev. “You are just a tenant, you have 19 games that you play there and you can’t develop it further. We would like to bring the training ground to the park, including the youth team and the women’s team.

“When you can’t operate the stadium in a way that’s good for the club it creates conflict. Things like seat configuration creates conflict. You cannot utilise the profits the stadium brings and that income should help boost the finances of the club. If you don’t own a stadium you are left with the only asset that is the playing squad.”

Why are Gold and Sullivan reluctant to sell?

“We have no desire to sell the club, but get approached by many weird and wonderful people who lack the funds and have no experience in running a football club,” Sullivan told The Athletic in July.

Last summer an American consortium proposing a takeover were twice rebuffed. And earlier in 2020 Gold denied West Ham were in talks with Red Bull over a potential sale. “I have absolutely no knowledge of anything like that at all. I have not heard of any interest from Red Bull,” he told the website Claretandhugh.

Piriyev believes the feel-good factor at West Ham could be why Gold and Sullivan are reluctant to sell. David Moyes and his coaching staff have helped create a positive environment, with the club playing in Europe this season.

Ahead of the 2-1 loss against Brentford, only a small section of supporters protested against Gold, Sullivan and vice-chairman Karren Brady near the media entrance. Before the pandemic, thousands of supporters marched from the Victoria Tavern Pub in Plaistow to the London Stadium to protest against the board.

Despite the disappointing defeat by Brentford,
“We are happy for the club and the team, but on one hand maybe we were unlucky with the timing of our bid,” said Piriyev. “When we started the conversation back in November 2020, the club were doing OK and before that they had a difficult season and just avoided relegation. When you look at the last ten years it hasn’t been perfect on the pitch.

“Today the club are doing well thanks to Moyes and his coaching staff. But there are still problems. There is a lack of communication with the supporters. I don’t want to criticise too much because of our position as bidders. We are still interested in the club and we always find it difficult to be in a confrontational situation with the owners because we still want to do business with them and complete the deal.

“The pricing which they offered to us worked for us. We looked at it and we agreed. But there was quite a rude reaction from Sullivan (when details of the bid were leaked in the press) and our partner Phillip Beard thought it was the right thing to answer publicly. I have a rule in business that when journalists want to ask a question about our business plans we have to answer. As business owners, we have to reply and keep them informed of what’s going on.

“The first bid was rejected based on price. We looked at making the second bid more creative — in that we would suggest that the current owners would stay for some period and they would enjoy this current wave of good form and then pass on to the new club custodians. For example, this wouldn’t be too popular with the current supporters, but if (they wanted to stay as life presidents of West Ham) we’d be open to that, as long as we would take control of the club.”

Responding to the latest comments from PAI Capital’s Piriyev, Sullivan said: “We believe this individual would be an unsuitable custodian of the club and have no desire to deal with him.”

Is Nasib Piriyev still on the Interpol red list?

PAI Capital’s founder is Nasib Piriyev, the son of Nizami Piriyev, a businessman who was arrested by the Azerbaijani authorities in May 2015.

The Azerbaijan government also issued an Interpol arrest notice for Nasib Piriyev, who has been based in London for several years. The Piriyevs claim these actions were politically motivated and deny all wrongdoing.

Discussing that on the podcast, Piriyev said: “What happened six, seven years ago in Azerbaijan is now the subject of a legal dispute.

“The Interpol red notice was revoked and they decided there was a lack of validity. We absolutely see no reason why we wouldn’t pass the fit and proper test (the Premier League’s owners’ and directors’ test). All of this can be explained with factual evidence. I am no longer the subject of an Interpol arrest notice.”

Replies - Newest Posts First (Show In Chronological Order)

Mike Oxsaw 12:22 Sun Oct 10
Re: Article: Our offer is on the table’: PAI Capital retain interest in buying West Ham
A Veg Table?

gph 8:38 Sat Oct 9
Re: Article: Our offer is on the table’: PAI Capital retain interest in buying West Ham
Fit and proper person = doesn't eat human flesh at every meal

Warchild 6:53 Sat Oct 9
Re: Article: Our offer is on the table’: PAI Capital retain interest in buying West Ham
Unfortunate turn of phrase there Terry

terry-h 5:07 Sat Oct 9
Re: Article: Our offer is on the table’: PAI Capital retain interest in buying West Ham
Rio,Anton,and TC are probably on a black list prepared by that Baroness woman.

Crassus 1:12 Sat Oct 9
Re: Article: Our offer is on the table’: PAI Capital retain interest in buying West Ham
“I will always love the club, I have supported the club since I was a little child''

Yeah of course you have you utter cunt

Lato 12:41 Sat Oct 9
Re: Article: Our offer is on the table’: PAI Capital retain interest in buying West Ham
We have Baseball there already anyway.

Yes please do fcuk off!

Side of Ham 12:08 Sat Oct 9
Re: Article: Our offer is on the table’: PAI Capital retain interest in buying West Ham
Goes on about stadium configuration then mentions playing baseball there……just fuck off…..you see the potential of OTHER things before you see the club and it’s supports potential……

Nagel 11:20 Sat Oct 9
Re: Article: Our offer is on the table’: PAI Capital retain interest in buying West Ham
I don't get how these two statements match up:

“The pricing which they offered to us worked for us. We looked at it and we agreed."

“The first bid was rejected based on price."

If they did in fact agree a price then why was their bid rejected based on price? PAI Capital come across really badly, but if GSB have actually set a value on the club that they're willing to sell at right now then I'd like it to be known so other potential owners might come forward.





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