Staveley consortium close to buying 25% stake in West Ham, may seek controlling interest

Published Jul 30, 05:20 PM UTC

According to The Times, a consortium led by Amanda Staveley, her husband Mehrdad Ghodoussi, and their firm PCP Capital Partners is the frontrunner to purchase a 25% stake in West Ham United from Vanessa Gold, inherited from her late father David Gold. If successful, the consortium may next bid for David Sullivan's shares to gain majority control. Staveley previously represented Saudi Arabia's Public Investment Fund in the Newcastle United takeover; her current backing comes from US and Far East investors. The consortium had considered bidding for Tottenham Hotspur but now targets West Ham, aiming to help the Championship club return to the Premier League and potentially buy the London Stadium. Plans include substantial player spending. However, any sale is subject to a pre-emption process, giving existing shareholders like Czech billionaire Daniel Kretinsky first refusal. The report also notes that Sullivan resigned as co-chairman in June after allegations of sexual misconduct, and his 38.8% stake is under review by the independent football regulator.