Boardroom power shift on cards after West Ham United sale twist – Finance Expert
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive West Ham United columnist. Each week he’ll be giving his views on the biggest talking points at the London Stadium...
Dan Plumley has insisted that a power shift is on the cards in the West Ham United boardroom with more shares now on the market.
Vanessa Gold has confirmed that 10% of the shares held by her family estate are now available, with suggestions that Qatari bidders may be interested shot down so far [Mark Kleinman].
The finance expert admitted that a Qatar bid would likely want full control of the club, with 10% not enough to start making “huge changes” at the London Stadium.
“We probably expected that with the way the ownership situation has played out over the last few years and what has happened with that family,” he exclusively told West Ham Zone.
“There are questions to be made about the shareholding of the club, I think, it doesn’t dictate that someone at that level can come in and make huge changes and assume large parts of the control.
“It does give someone the chance to invest and get a fairly significant seat at the table, and it will be interesting to see what type of people or groups go for that percentage of stake.
“Of course, we’ve had the rumours of Qatar before the Manchester United takeover bid and maybe after that, but you would assume a bid like that would want full control, but that may not be possible because you have Kretinsky and others there who are fairly well-set in that structure. It will shift the power dynamics around.”
In other West Ham United news, our expert has shared his verdict on transfers at the club after this Moyes sack decision