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A £650 million bid from Red Bull to takeover West Ham was rejected in August,

According to the son of one of the club’s co-owners.

West Ham turned down £650 million takeover bid from Red BullRecent speculation had linked the Hammers to a deal with the Austrian energy drink giants, who have already invested in football clubs across the world.

However, West Ham co-owners David Gold and David Sullivan have been strong opponents of any total sale of the London club, and their stance on the rumours concerning Red Bull appear to have been confirmed by Sullivan’s son Jack on Twitter.

“Re red bull story in sun today, completely out of date and figures wrong we turned down £650m in august.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,” he wrote. “No desire to sell our heritage and be called red bull West Ham. #coyi.”

An offer of £650 million would translate to over three times what a recent valuation of the club found it to be worth, indicating just how eager Red Bull are to enter the Premier League market.

Their German side RB Leipzig currently sits second on the Bundesliga table, despite only being formed and starting in the lowest tier of the countries professional ranks in 2009.

Originally published at outside90.com

Post written by Hugh Schuitemaker, Twitter: @cactushugh
for Outside 90, Blog: outside90.com, Twitter: @Outside90

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