West Ham turned down £650m takeover bid from Red Bull
West Ham United turned down a £650million bid by Red Bull to take over the Premier League club last August, according to senior club sources.
They told Telegraph Sport that there is no intention to sell and that there were no talks with Red Bull GmbH, formed from the Austrian drinks company, which has a stable of clubs around the world under the ‘RB’ banner.
They are German side RB Leipzig – vying for the league title in their first season in the Bundesliga – FC Red Bull Salzburg, MLS club New York Red Bulls, Red Bull Brasil and Red Bull Ghana.
Red Bull have made no secret that they have looked to buy into English football in the past but, for now, have decided against an investment having also looked at various clubs in the Championship and League One.
There has been no official confirmation of Red Bull’s previous interest in West Ham. Jack Sullivan, the son of co-owner David Sullivan, responded to a story in The Sun newspaper on Boxing Day that West Ham were in talks over a £200million deal, by taking to social media.
On Twitter he wrote: “Re red bull story in sun today, completely out of date and figures wrong we turned down £650m in august. We have no desire to sell out”.
Telegraph Sport had already established that Red Bull’s interest dated back to last summer.
David Sullivan and David Gold took over West Ham in 2010 with an initial 50 per cent holding valuing the club at £105million and have since increased their stake. They also took on debts that Sullivan estimated were £110million and since then, of course, the club has moved to the Olympic Stadium.
That move has enhanced West Ham’s value even further.
Red Bull, for their part, deny they are looking to buy West Ham. Sullivan has previously said he is looking for investors to buy a stake in the club but that he and Gold had no intention of relinquishing ownership.