West Ham co-owner David Sullivan launches bid to raise £75m with sale after official announcement in Wall Street Journal
West Ham co-owner David Sullivan has launched a bid to raise £75m with a sale after an official announcement in the Wall Street Journal.
West Ham must sell to buy in the January transfer window – not only to satisfy UEFA FFP rules but also to create slots in the squad.
That’s what the top source inside West Ham told Hammers News this week with African players among Tim Steidten’s targets.
A striker and new full-backs are sorely needed with West Ham well placed to kick on in several competitions.
Unfortunately one mega sale being planned by the club’s majority owner won’t come into the equation in that particular scenario.
West Ham co-owner David Sullivan has launched a bid to raise £75m with a sale after an official announcement in the Wall Street Journal.
It was officially announced in the famous publication yesterday that Hammers chief Sullivan has put a centuries-old Marylebone house on the market for a cool £75m.
The West Ham supremo has spent seven years and just under £50m renovating the stunning property having paid £27m for it back in 2015.
“It was run down and tired when I bought it,” Sullivan told the Wall Street Journal.
“(The goal was) to turn it from a hodgepodge of rooms and flats into what it was built to be – the finest home in London.”
The £75m home is located on Portland Place, a wide avenue near the Regent’s Park, and boasts about 21,000 square feet of living space according to Claire Reynolds of United Kingdom Sotheby’s International Realty, which is marketing the property.
Built in around 1780, according to the National Heritage List for England, it is on a list of historically significant properties.
It features a six-story main house with five bedrooms, including a primary suite that encompasses the entire second floor. There is also a separate mews house, or carriage house, with six additional bedrooms.
It is a sight to behold. If only that money could be spent on a striker!
In all seriousness, though, Sullivan, Daniel Kretinsky and the other West Ham board members are guaranteeing certain club losses to satisfy FFP regulations post COVID.
So anything that adds to Sullivan’s wealth – such as this sale – only helps in that regard.
