US consortium upped West Ham offer to £400m and plan third bid next month

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US consortium upped West Ham offer to £400m and plan third bid next month

  • Gold and Sullivan rejected second offer after initial £350m bid
  • Consortium exploring possibility of buying the London Stadium

The American consortium proposing a takeover of West Ham were rebuffed for a second time after following up their first approach with a £400m offer at the end of last month.

It is understood the would-be buyers, who are involved in US sport, were not disheartened after failing with an opening offer of £350m at the start of August. The group remain interested in buying West Ham, who are owned by David Gold and David Sullivan, and have made their intentions clear by returning with a higher offer.

Related: American consortium to step up efforts to buy West Ham after first bid rejected

Related: Wilson and Hendrick off mark to help Newcastle burst West Ham’s bubble

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