West Ham United have confirmed that Amanda Staveley has provisionally purchased Vanessa Gold's 25.1% stake.
The standard procedure will now be followed however, a few difficulties could potentially arise. At the moment, all seems amicable on the surface between Kretinsky & Amanda, but difficulties could arise in the following 60 days. Should everything be smooth sailing, this would be a significant step to remove David Sullivan, as Amanda has her eyes on a full takeover, but a bumpy road could still pop up should Daniel Kretinsky follow through with his initial idea to buy Vanessa Gold's stake.
Time will tell! Here's the following statement from West Ham:
West Ham United can confirm it is aware of the announcement from Joint-Chair Vanessa Gold that she has reached a provisional agreement to sell her shares to a consortium of PCP Capital Partners, led by Amanda Staveley and Mehrdad Ghodoussi, in partnership with Ashland Forest Capital Partners.
The proposed transaction will now be subject to a pre-emption rights process. This provides all existing shareholders with the opportunity to acquire their proportional percentage of shares in round one, and any remaining shares in round two. This process will take approximately two months and, until it is completed, nothing will change regarding the ownership structure of the Club.
West Ham United would like to assure supporters that the day-to-day running of the football club is in no way affected by this situation. Preparations for the new season continue to take shape with diligence and focus, and we thank all fans for their continued loyal backing at this time.
The Club will be making no further comment while the pre-emption process runs its course.
Comments
This will take a couple of
This will take a couple of months to iron out, excuse the pun. But that will give us enough time to evaluate our start to the championship. Then if things are a bit milky. Staveley v Kretinsky will turn into Nuno v Howe assuming Howe is lying in wait? So the plot thickens!
According to reports. This is
According to reports. This is a bad move for the club. If Gold had proceeded to sell the 16% of her shares to the Kretin. He would be the majority shareholder. Now selling her 25% to Stavely. Sullivan remains the majority shareholder and we are back to where we were. Sullivan has also said he will not sell up until we are promoted.