Gold family open to selling bigger stake as West Ham United asking price update emerges
The Gold family could be open to selling a bigger stake of their shares in West Ham depending on the asking price, according to The Guardian.
The newspaper reported on its website on Tuesday (31 October) that the likelihood is that the Hammers’ third-largest shareholders behind David Sullivan and Daniel Kretinsky will try to sell up to 10 per cent of their 25.1 per cent share.
But a source has revealed that the Golds could be willing to sell more of their shares for the right amount after Kretinsky paid between £180million and £200million for his 27% stake in 2021.
Price rise
It’s difficult to predict how this situation will pan out eventually because it largely depends on how much interest there is in acquiring the shares that are initially on offer.
Vanessa Gold, who is in charge of her family’s shareholding, announced on Tuesday that any transaction of the shares will be with her “father’s legacy” at the forefront of her mind.
With the news coming out, it seems as though neither Sullivan nor Kretinsky are currently interested in purchasing the shares to increase their stake in the club.
It’s likely the price of the shares will have risen over the past couple of years since the Czech businessman bought into the Hammers, given the on-field success that has been achieved and the increased interest in investing in Premier League clubs.
There is likely to be a number of interested parties looking into buying a portion of the Gold family’s shares, potentially opening up the opportunity for a bigger stake to be taken depending on what offers are put on the table.
In other West Ham news, Tim Steidten is set to draw up a list of potential new managers to replace David Moyes.