Sullivan and Brady visit Dubai to find potential investors
With the aim of holding talks with promising investors in the Premier League club, David Sullivan, West Ham United's co-owner, and Karren Brady, the vice-chairman at Upton Park, have traveled to Dubai. They hope that these investors will lead to a proposal for Straumur's 50% shareholding.
An agreement was signed by Sullivan and David Gold in January, when they paid £44m for a 50% stake in West Ham. This agreement provided them the option over the next four years to acquire the remaining 50%.
It should be noted that at the time, it was clarified by Sullivan that other investors, including Tony Fernandes, the head of the Lotus Formula One team and a lifelong West Ham supporter, who had also hoped to take control of the club at the turn of the year, would be welcomed by him.
Since there has been no development on that front, Sullivan and Brady made a trip to the Middle East this week in the latest move, in order to conduct meetings with a number of potential buyers.
The pair aim at supporting their long-term plans for West Ham, which include moving to the Olympic Stadium in Stratford following the 2012 London Games, and remained in discussions with interested parties tonight.
It is yet to be seen as to whether a club that has lost its last six matches and faces the prospect of revenue streams being slashed in the event of relegation to the Championship will be able to ignite interest but it seems that Sullivan and Brady would not be disappointed.
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