SAD NEWS: West Ham star refuses to sign a new deal and is determined to leave the club
Football finance expert Kieran Maguire has hit out at West Ham majority owner David Sullivan over a £65m deal that’s been making headlines this week.
West Ham chief David Sullivan may have plenty of money but he’s not a happy man at the moment.
Sullivan jumped several places to be named the 150th richest person in the country over the summer.
His net worth is said to be £1.168bn – up £50m on last year. Sullivan’s main sources of wealth are listed property, football and media: Conegate.
Together with the rest of the West Ham board, Sullivan signed off on £155m worth of transfers for new boss Julen Lopetegui and technical director Tim Steidten in the summer.
But the Hammers have struggled under the Spaniard who, it has been claimed, was Sullivan’s pick to succeed David Moyes.
While Lopetegui is struggling to get what he wants out of his expensively assembled team on the pitch, Sullivan is experiencing something similar off it.
Back in December Hammers News reported on the fact Sullivan was looking to raise £75m with a big sale.
That being his centuries-old Marylebone house which he put on the market for a cool £75m.
The West Ham supremo spent seven years and just under £50m renovating the stunning property having paid £27m for it back in 2015.
It remains unsold, though, and Sullivan is now selling the town house at a loss after slashing its price by £10m to £65m.
Angry Sullivan has hit out in an interview with Bloomberg saying he had to be “realistic” about the current market, while criticising proposed changes to policy for non-doms.
The West Ham chief even made a thinly-veiled threat to follow super-rich friends by moving to Monaco or Dubai.
“Interest rates are high—they’re coming down but not much,” Sullivan said.
“I also think what the government is doing to the non-doms isn’t very nice, and a lot of rich people are leaving the country as a result of what they anticipate in the budget.
“Three or four of my friends already have gone to Monaco or Dubai.”
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