West Ham are currently in the market for a new investor, with current shareholders including David Sullivan willing to sell some of their shares.
Sullivan, along with his late business partner David Gold, acquired 50% of the club back in 2010. Since then, Sullivan has continued to grow his shares, with the businessman now owning 38.8% of the club.
Reporting on The West Ham Way Podcast, our Podcast co-host and club insider ExWHUEmployee has advised that Sullivan is now willing, along with others including Daniel Kretinsky is willing to sell some shares to provide a package to a new potential investor.
“It’s understood the club are now looking in the Middle East for a potential new investor,” stated our man-in-the-know.
“We believe that there is a willingness from David Sullivan, Daniel Kretinsky and the Gold family to sell some of their current shares, to build a new 25% package and make it available.
“The feeling is they want a new investor to help take the club to the next level.”
Details of the potential package have also been reported by West Ham Football on X, which is run by Sean Whetstone, which stated;
David Sullivan would sell 13.8% of his 38.8% shares, Daniel Kretinsky would sell 2% of his 27% holding and the Gold family would sell 9.2% of their 25.1% shareholding to create a new 25% shareholder package for a new investment partner. That would leave Sullivan, Kretinsky and a new partner with 25% each as equal partners. In that scenario, The Gold family would retain 15.9% shareholding, Tripp Smith 8% and Terry Brown & Daniel Harris the remaining 1.1%.
The club will continue to explore and seek a new potential investor, with Ex keeping fans fully up to date on the situation as it develops.