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US consortium see second £400m West Ham offer rejected but plan third bid

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The American consortium proposing a takeover of West Ham were rebuffed for a second time after following up their first approach with a £400m offer at the end of last month.

Their second bid was not enough to tempt West Ham into a sale.

It is understood the would-be buyers, who are involved in US sport, were not disheartened after failing with an opening offer of £350m at the start of August.

The group remain interested in buying West Ham, who are owned by David Gold and David Sullivan, and have made their intentions clear by returning with a higher offer.

The value of their first offer was based on the proposed £300m takeover of Newcastle by a Saudi Arabian-led consortium, plus an extra £50m because of West Ham’s London location.

West Ham’s board promised they would challenge at the top of the Premier League after leaving Upton Park.

West Ham, who pay £2.5m a year to rent their ground, made a pre-tax loss of £28.8m in the last financial year and have encountered difficulties because of Covid-19.
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