Senior West Ham United sources share latest news on David Sullivan shares
Senior sources at West Ham United have shared that David Sullivan has no intentions of selling his shares to Daniel Kretinsky, according to The Telegraph.
The newspaper shared that the Czech businessman has the option to buy out both the shares of Sullivan and the family of David Gold, although there are no obligations.
As things stand though, Kretinsky is unlikely to make an offer and Sullivan will not sell, which is something that may leave the fans frustrated at the London Stadium.
Jason Burt shared the latest on what looks like a situation turning messy at the London Stadium: “Kretinsky already has an option for a full buy-out at a price set when he bought his shares but that can only take place if Sullivan – who owns 38.8 per cent – and the family of the recently deceased co-owner David Gold – with 25.1 per cent – agree to sell. There is no obligation.
“Logically, Kretinsky is unlikely to make an offer at this point and not least because it is unclear which division West Ham will be in next season. Relegation to the Championship would clearly affect the price and after his decade of ownership, Sullivan will not sell for a lower valuation.
“But senior sources have told Telegraph Sport that not only does Sullivan have no desire to sell any of his shares it is not something he has even considered doing.
“This might frustrate West Ham fans.”
Time for a change?
One bad season has come around, and things have turned very toxic at West Ham United.
Gold and Sullivan were a brilliant team and have overseen some great years at the very top, none more so than the recent seasons pushing for Europe and succeeding there.
With Sullivan refusing to budge though, it looks as though Kretinsky will be made to wait to bring around fresh changes, although he doesn’t seem too keen himself anyway.
The entire club from top to bottom is in limbo it appears, with the threat of relegation really getting to the fans, the board, David Moyes and his players.
Once that on-pitch future is somewhat secure, then we can start really talking about the future of the boardroom, which is nothing short of confusing at this stage.
Money has been spent, and success has been delivered, but a fresh change with new ideas has been craved and that may need to wait to happen until the summer, at least.