Source: Daily_Mail
West Ham still waiting for takeover bid from former Birmingham chief Sullivan
Interest: Ex-Birmingham owner David Sullivan [LNB]West Ham today maintained there has not yet been any new formal takeover bid for the Barclays Premier League club. [LNB]There have been reports both David Sullivan, who recently sold hisstake in Birmingham, and the London-based Intermarket Group were readyto launch a move to buy the Hammers, who like most clubs have a highlevel of debt. [LNB]However, despite current owners CB Holdings - a company arm of Icelandic investment bank Straumur - being open to potential offers, which would have to be in excess of £100million, as yet an immediate takeover is not currently on the agenda. [LNB] In debt: West Ham are heavily in the red, like many Premier League clubs[LNB]A West Ham source revealed: 'There have been no significantdevelopments at all, and no formal offer from any party. The club stillenvisage the sale will be a medium to long-term initiative.'[LNB] West Ham fan David Sullivan holds talks over investing in Upton Park clubFergie in for £20m Carlton - Manchester United to fight Liverpool for West Ham's ColeLEO'S LONDON: Spurs chief Daniel Levy takes huge pay cut - too bad he shelled out £2m to get rid of Juande Ramos and consigned John Bostock to League One by axing reservesWEST HAM UNITED FC
