WEST HAM co-chair Vanessa Gold has put a stake in the club up for sale.
Gold, the daughter of late co-owner David Gold who died earlier this year, has confirmed that a chunk of the family's 25 per cent stake in the club has been put on the market.
Any sale would likely value the Hammers at over £650million, with Gold understood to be looking to sell just under 10 per cent of the family's shareholding.
In a statement to Sky News, Gold said: "I would consider selling a proportion of our shares to the right partner.
"I have spoken to each of the other three major shareholders at West Ham United: David Sullivan, Daniel Kretinsky and Tripp Smith, who have been very supportive.
"Any transaction to purchase some of our shares will be with my father's legacy at the forefront of my mind which, of course, prioritises his beloved West Ham United.
READ MORE IN FOOTBALL
I'm an ex Prem star & now own a five-star hotel with a Mediterranean ocean view
Top 10 English players of all time named as fans fume Rooney 'robbed'
"I have appointed Rothschild & Co to advise us on any discussions and will keep the other shareholders, the club and our supporters updated on any significant developments."
Bankers Rothschild are holding discussions with interested parties, including sports investment funds.
However, it cannot be ruled out that Czech investor Kretinsky, who currently owns 27 per cent of the club, could look to increase his stake as was expected when he invested two years ago.
As part of Kretinsky's investment in 2021, an agreement was written in whereby the billionaire could buy out Sullivan and Gold at a set price – though that clause has now expired.
Most read in Football
CASH WEDNESDAY
Wednesday face collapse as owner tells Owls fans to raise £2M to save them
SCOLD TRAFFORD
Man Utd flops blast Ten Hag tactics and decisions on defence & Fernandes
RED DEVILSHHH
Fuming Ten Hag ordered Utd flops to sit in SILENCE and listen to City party
BALLON D’OR 2023
Messi WINS eighth Ballon d’Or trophy ahead of Prem star Haaland
CASINO SPECIAL – BEST CASINO WELCOME OFFERS
Sullivan currently holds 39 per cent of the club alongside American investor Tripp Smith on eight per cent while non-executive director Daniel Harris, a lifelong fan, holds a minority share.
No sale is imminent with the process expected to take a number of months.
Source: Read Full Article