West Ham Shares Up For Sale
Shares in West Ham United football club are going on the market as Vannesa Gold prepares to sell.
Vannessa inherited the shares after the passing of her father, the late David Gold.
Daughter Vannessa holds 25.1% of the club and has hired Rothschild to arrange the sale of some 40% of her shareholding – around 10% of the club.
Potential investors have already been sounded out by bankers working on behalf of Rothschild. With the club currently valued around the £600million mark, Gold could be set for a windfall in the region of £60million should a buyer be found.
And that stake would make them the fourth largest shareholder in West Ham United, behind David Sullivan (38.8%), 1890s Holdings (27%) and the Gold Estate, who would retain around 15%.
“I would consider selling a proportion of our shares to the right partner,” Gold said in a statement released on Tuesday.
“I have spoken to each of the other three significant shareholders at West Ham United: David Sullivan, Daniel Kretinsky and Tripp Smith, who have been very supportive.
“Any transaction to purchase some of our shares will be with my father’s legacy at the forefront of my mind, which, of course, prioritises his beloved West Ham United.
“I have appointed Rothschild & Co to advise us on any discussions and will keep the other shareholders, the club and our supporters updated on any significant developments.”