Staveley nears 25.1% West Ham stake purchase, hints at 'big property play'

Published Aug 3, 09:00 AM UTC

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Amanda Staveley, former Newcastle United co-owner, is closing in on a deal to buy a 25.1% stake in West Ham United from Vanessa Gold, daughter of late co-owner David Gold. The £150m investment could value the relegated Championship club at £600m. Staveley has hinted at a 'big property play' involving changes to the London Stadium, which the club rents under a favorable deal. She stated that any club she invests in will involve both football and property development. The deal faces potential competition from Royal Mail proprietor Daniel Kretinsky, who has pre-emption rights and previously agreed to become the club's largest shareholder. David Sullivan remains the biggest shareholder but faces uncertainty due to allegations about his conduct. Vanessa Gold confirmed the agreement in a statement, noting the process has not yet concluded.

Source

City AMWestern

Original headline: Staveley planning ‘big property play’ as she closes in on West Ham stake

Original language: EN-GB

Part of this Story

Amanda Staveley Consortium Nears £150M Deal for 25% West Ham Stake

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West Ham United Newcastle United Manchester City