Vanessa Gold, daughter of the deceased joint-chairman David Gold of West Ham United, has placed up to 10% of her stake in the club on the market. This has caught the attention of international buyers, according to The Times.
After an unsuccessful attempt to acquire Manchester United, Sheikh Jassim bin Hamad al-Thani from Qatar might be considering an offer for this available stake, as per The Times.
Vanessa Gold, together with her family, holds a 25% ownership in West Ham. She is in collaboration with Rothschild bank for the sales process. Sources suggest that under the right financial conditions, Ms. Gold might contemplate selling the entirety of her family’s stake.
In 2021, Czech billionaire Daniel Kretinsky secured a 27% stake in the club. He has reportedly been informed about Vanessa Gold’s decision to sell, though it is not anticipated that he will purchase these shares. Several other potential investors have been contacted about this opportunity.
At present, David Sullivan holds the largest share of West Ham, with just under 39%. Tripp Smith, a financier, owns 8%.
This sale initiative occurs concurrently with Sir Jim Ratcliffe nearing the completion of his £1.3 billion investment in Manchester United for a 25% stake.
It is also 18 months after Chelsea was acquired by the Todd Boehly-Clearlake Capital consortium for £2.5 billion. When the Glazers were seeking closer to £6 billion, Sheikh Jassim made a £5 billion offer for the full ownership of Manchester United.