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Hammers takeover is no foregone conclusion

By Sean Whetstone

 

When the West Ham Concessionaire agreement for the London Stadium was signed on 22nd March 2013 by Karen Brady it contained a ten-year clause meaning the owners could sell the club without any financial penalty to the taxpayer in the form of a windfall tax.

We are just 282 days away from the decade anniversary of that agreement and some supporters believe it is given that the owners will sell up almost immediately.

Gold and Sullivan have been stewards of the club for over 12 years now and I don’t believe for the moment they will throw in the towel next year as soon as they are free from the financial penalty.

Daniel Kretinskey will first need to prove to them he is a worthy successor by further investing in the club with transfer money and loans to bankroll the club to the next level.

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With David Gold 85 years young and a fortune believed to be in excess of £500m and David Sullivan 73 of age and worth £1.1 billion, it is hard to see what they would need the extra money for at their time of life.

The ownership of a football club comes with responsibility and they will not want another Birmingham City situation being their legacy by ensuring whoever one day takes over the club is a  safe pair of hands who can the club beyond they could.

Kretinsky certainly has the wealth to surpass both of them twice over at over £3 billion but does he have the ambition and determination to move to the next level beyond seeing his 27 per cent purchase as just another good investment.

His part ownership of Sparta Prague when he has been president has not shown an appetite for serious over-investment according to local Czech fans so the jury is still out on whether he is the right man to take our club forward.

 

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About Sean Whetstone

I am Season Ticket Holder in West stand lower at the London Stadium and before that, I used to stand in the Sir Trevor Brooking Lower Row R seat 159 in the Boleyn Ground and in the Eighties I stood on the terraces of the old South Bank. I am a presenter on the West Ham Podcast called MooreThanJustaPodcast.co.uk. A Blogger on WestHamTillIdie.com a member of the West Ham Supporters Advisory Board (SAB), Founder of a Youtube channel called Mr West Ham Football at http://www.youtube.com/MrWestHamFootball, I am also the associate editor here at Claret and Hugh. Life Long singer of bubbles! Come on you Irons! Follow me at @Westhamfootball on twitter

4 comments on “Hammers takeover is no foregone conclusion

  1. Get your point Sean good piece I also think maybe gold will pull out and Mr sullivan will sell a bit more shares to kretinsky so he becomes main shareholder. And maybe stay involved with the club a bit past march next year . All rumours as only ones who know will be those involved next march.

  2. Don’t think it’s a case of “throwing in the towel” tbh but a perfectly understandable business decision if they do decide to sell. They must realise they aren’t popular with the fan base and may decide the grief just isn’t worth it.

    And I’m no6 too sure they’d be unduly concerned about Kretinsky’s intentions either. I’m sure you remember the name Carson Yeung, to whom they sold Birmingham City, and where he ended up !!

  3. I’m not sure Sullivan will be thinking about responsibility, just the size of the cheque!

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