Vanessa Gold considering selling her shares in West Ham United
Vanessa Gold, the Joint-Chair of West Ham, is considering selling a proportion of her family’s shares in the football club, as she confirmed in an official club statement.
Gold confirmed that she would consider selling a proportion of the shares if they can find the right partner, after speaking to David Sullivan, Daniel Kretinsky and Tripp Smith.
She also confirmed that she has appointed Rothschild & Co – an independent financial advisory group – to provide their advice on any discussions, and will keep fans updated on any significant developments.
The statement released on West Ham’s official website [31 October] read: “West Ham United Joint-Chair Vanessa Gold has today announced she may consider selling a proportion of her family’s shares in the football club.
“Ms 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 Křetínský 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.
“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.”
A huge update
The potential sale of the shares in West Ham could result in further financial backing, with a new member on the board, and as such it is crucial that, as Gold shares, the right buyer is found who will invest in the best interests of the club.
Gold shared that, with the memory of her late father David at the forefront of her mind, she will ensure that any purchase of the shares will prioritise the club, in an important step as there is plenty of risk involved in selling shares in a major club.
In terms of the positives that could come from a potential sale, further investment will always be welcomed by fans, particularly if it improves not only the playing squad but also key issues around the club such as investment in the training ground.
It will be a curious spell for West Ham, but major updates will be provided by the club and Gold as the search for an appropriate buyer begins.
In other West Ham news, one Hammers gem has made “crazy” contract demands.