West Ham United: BBC Sport journalist shares update on evolution of fresh shares sale
Simon Stone has revealed that no decisions have been taken on how the sales of shares process will evolve at West Ham.
The BBC Sport journalist tweeted the update on Tuesday (31 October) after the Hammers’ joint chair Vanessa Gold announced that she is willing to sell part of her family’s 25 per cent stake in the club.
She was appointed to the Irons’ board in August by David Sullivan after taking charge of her family’s shareholding following the deaths of her father David and older sister Jacqueline earlier this year.
Fresh investment
A potential sale of the shares should provide West Ham with some fresh investment that would likely go towards strengthening different aspects of the club.
It’s unclear why the Gold family have taken the decision to sell a portion of their shares, but it has been a difficult year for them following the passing of two family members.
Vanessa said any transaction of the shares will be with her “father’s legacy” at the forefront of her mind, meaning any potential new investor will be selected carefully.
The other three major shareholders are Sullivan, Tripp Smith and Daniel Kretinsky, with the latter continuously linked with wanting to improve his stake at the club.
There is likely to be a wave of interest in purchasing the shares on offer and it will be interesting to see how the situation evolves over the next few months.
In other West Ham news, an £8million development has emerged in the club’s bid to sign Kalvin Phillips.