Pardew upbeat over possible takeover

WEST HAM manager Alan Pardew yesterday welcomed the possible €295 million takeover bid from Iranian-born businessman Kia Joorabchian as proof the club is on the up.

Joorabchian, the head of London-based consortium Media Sports Investment, is considering a bid to transform the Premiership club.

It has been suggested a bid would value West Ham at €65m, clear €44m of debt and inject another €148m into the coffers at Upton Park.