David Gold & David Sullivan to take £300million profit from West Ham sale
Should David Sullivan and David Gold fully sell West Ham after March 2023, they will bank a profit of £300million.
The Telegraph report that due to a few factors, including the 20% profit due to the taxpayer, the current owners will still take home a huge amount of money.
Daniel Kretinsky is on the verge of agreeing a deal with Sullivan and Gold to seal a 27% stake in the club, but he should be able to complete a full takeover at some point in the future [Sky Sports].
Sullivan and Gold to make a huge amount of money.
It seems as if should Sullivan and Gold sell their shares to Kretinsky, they will be making a huge amount of money.
Now, they will make this money because of the anti-embarrassment clause that was included when the Irons decided to agree a deal with the London Legacy Development Corporation to play their home games at the London Stadium.
The clause was intended to stop Sullivan and Gold from instantly selling their shares in the Hammers, thus embarrassing the LLDC.
However, that expires in 2023, and that seems to be the date when Sullivan and Gold can make the most money from the sale of the Irons.
So, it looks as if we are very close to the end for Gold and Sullivan, but Kretinsky might not complete his full takeover of the club until 2023.
In the meantime, we just have to wait for the Sparta Prague owner to complete his investment and hope that he ploughs some money into the team, so the Irons can keep improving.
In other West Ham news, a Sky Sports pundit has dropped an interesting claim on Declan Rice.
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