West Ham United’s owners, David Gold and David Sullivan, are said to have declined an “informal bid” to purchase the club.
The proposal was snubbed, according to Sky Sports, since it was “vague” and not in the best interests of fans or shareholders.
Former QPR’s CEO Phillip Beard is one of the people working on the deal.
The attempt was treated more like a property transaction than a football one, and no proof of funding was provided.
The co-owners are claimed to be uninterested in selling and are “often approached” about possible acquisitions.
Gold and Sullivan bought the club in 2010 and have sometimes had a difficult relationship with the supporters.
They relocated the club from Upton Park to the London Stadium, which was built for athletics events during the London 2020 Olympic Games and has been a cause of dissatisfaction for supporters.
Despite early doubts, West Ham had a fantastic season, finishing sixth in the Premier League and qualifying for the Europa League.
David Moyes has extended his contract, and the pressure will be on him to do so again in 2021/22.
On August 15, they travel to Newcastle to begin their campaign.