Key facts
- Amanda Staveley is set to acquire a 25.1% stake in West Ham United.
- The deal is valued at approximately £150 million, with the club potentially valued at £600 million.
- Staveley has described the investment as a "big property play" in English football.
- Vanessa Gold is selling her family's shareholding in the club.
- Daniel Kretinsky holds pre-emption rights that could affect the deal.
Amanda Staveley is reportedly nearing a deal to acquire a 25.1% stake in West Ham United, a move she has described as a "big property play" in English football. The investment, valued at approximately £150 million and potentially valuing the second-tier club at £600 million, is being made by Staveley and her partners. The stake is being purchased from Vanessa Gold, daughter of former West Ham co-owner David Gold.
Staveley, who was involved in the 2008 sale of Manchester City, sees value in growing football clubs. Her potential involvement with West Ham could lead to changes at the London Stadium, which the club rents under a deal negotiated by Baroness Karren Brady. The stadium's annual cost to the UK taxpayer is £19 million.
However, the deal faces potential competition. Royal Mail proprietor Daniel Kretinsky holds pre-emption rights. David Sullivan, the club's largest shareholder, also faces an uncertain future.
In a statement, Vanessa Gold confirmed reaching an agreement with Staveley's consortium, PCP Capital Partners, in partnership with Ashland Forest Capital Partners, and aimed to keep fans informed.