10 reasons why a Qatar West Ham Takeover won’t happen!
1) There have been continuous Qatar take-over reports recycled over and over again since 2016 when the Daily Mail ran the first tale seven years ago.
2) Recent Speculation over a takeover seems linked purely on Manchester United being taken off the market by the Glazers and putting two and two together to make five.
3) Spurs would be a more obvious target and make more sense than West Ham for Qatar investment. If they were prepared to pay £5bn for Man Utd surely £2bn for Spurs would not be an issue. Majority ownership of Spurs was passed to the Lewis Family Trust in October 2022 as Joe Lewis is accused of 16 counts of securities fraud in the US.
4) Qatar rumours started directly after the transfer window closed presumably to fill the content news cycle in a slow news week.
5) The Gold family West Ham share ownership is complicated and subject to probate and inheritance tax if sold soon so unlikely. Capital gains tax would also apply on any profit made on shares.
6) Czech billionaire Daniel Kretinsky has no incentive to sell unless he doubles his investment which would value West Ham at £1.25 billion which also seems unlikely.
7) David Sullivan doesn’t have a great incentive to sell, he is already a billionaire and an extra £200m for his 38% share after capital gains tax and that windfall would not change his life at 74 years of age.
8) One report on the subject suggests that Qatar owns land on Queen Elizabeth Park which is completely untrue. Qatar owns property all over London and the UK and not just restricted to Stratford. The Qatari property portfolio is reported to be a massive £10 billion over the Uk and £2 billion in London
9) Another report suggests Qatar would buy the London Stadium which makes zero financial sense to acquire the toxic asset and pours further doubt over the accuracy of these reports.
10) Club sources have continuously maintained that there has been no serious approach for West Ham which have included proof of funds.