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Vanessa Gold is working with investment bankers to sell around 10% of her stake in West Ham United, according to Mark Kleinman.
The daughter of the late David Gold has announced that she would be open to selling some of her 25% stake in the Hammers, which she inherited after the passing of her father earlier this year.
And now it has emerged that parties have been sounded out already about a deal according to Sky News (31 October) which would value the club at a premium to the roughly £650m valuation when Daniel Kretinsky bought 27% of the club back in 2021.
“One prospective investor who has been alerted to the deal said on Tuesday that Ms Gold was expected to sanction the sale of up to 10% of last year’s Europa Conference League winners,” he wrote.
“A number of funds are said to have been sounded out in recent days about a potential deal.
“Football industry insiders said any transaction was likely to value the Hammers at a premium to the roughly-£650m price put on the club by the sale of a 27% stake to the Czech billionaire Daniel Kretinsky in 2021.”
Huge
It would be a small sale in terms of the percentage and the amount of influence that person would be able to bring to the table, but it gets someone at the table.
We have heard talks in the past about Saudi interest in West Ham which would obviously bring a crazy amount of financial power to the forefront, but it has never materialised into anything.
But now with Gold so open about her attempts to sell up it would open the door for anyone to come in with a bid and get their feet under the table to start building towards a potential full takeover in the future.
The price tag would be able to weed out any unserious bidders or interest, but this could be huge for the future of West Ham as a football club and how we want to build going forwards to get among the elite clubs.
It’s going to be really interesting to see how this develops in the coming weeks and months, but it’s certainly something to keep an eye on now.
In other West Ham news, Euro giants want to “get rid” of £130k p/w ace that West Ham want to sign in January.