In yesterday’s statement from Vanessa Gold, the mystery partner relating to Amanda Staveley’s bid was finally revealed, Ashland Forest Capital Partners.
So, the first question on every West Ham supporters lips was “Who!?”
The firm, according to their website are a US‑based partnership built on 35 years of working together, led by Peter Bernick and Tom McCauley, who’ve spent decades raising capital, running businesses, and turning underperforming assets into stronger, smarter organisations.
London stadium is now the venue for a massive, two – month three-way tussle
But the other key question fans are asking is simple, Where’s the money coming from?
Ashland Forest’s investment power comes from large family offices, Institutional investor. High‑net‑worth partners and Private equity networks.
Bernick’s profile shows that he previously served as Chief Investment Officer for a major family office, giving him direct access to long‑term capital sources. McCauley has managed and deployed funds across more than 100 investments in gaming, hospitality, entertainment, and sports sectors backed by serious financial players.
Ashland Forest believe football (I won’t say soccer!) is undervalued commercially compared to US sports.
They look for clubs with:
• Strong identity
• Loyal fanbase
• Room for commercial expansion
• Untapped global reach
• A need for long‑term planning
West Ham fit that profile perfectly.
The hope is that they could bring long‑term strategy, commercial muscle, and help with recruitment analytics (yet I believe this has already been greatly enhanced over recent years).
For me the most important point is that they want to create a real sports‑ownership experience.
Bernick owns the Chicago Hounds rugby franchise, giving Ashland Forest hands‑on experience in fan engagement, club branding,
matchday operations and building a stronger identity.
The Hounds became the first ever team in the history of Major League Rugby to remain undefeated through the season and were crowned 2026 Champions in June. If that success was emulated at West Ham, few supporters would be complaining.
Yet, even after taking all of that into account, I remain unconvinced that Staveley and her consortium genuinely have the financial muscle to step up as major shareholders. West Ham’s operating costs are enormous, and the club has no appetite for further ownership turbulence. By contrast, Křetínský brings experience from Sparta Prague and a reputation for stability, he is unquestionably the safer option.
That said, Staveley may still have a card up her sleeve. As a deal‑maker, PCP and Ashland Forest Capital Partners are relative financial medium-weights and could well be fronting for a sovereign wealth fund or a heavyweight corporate backer with serious billions to invest.
But right now, it’s all speculation, and high‑risk speculation at that, which is hardly palatable from a West Ham perspective. I’m firmly in the Křetínský camp, and with his 30‑day window now open, plenty of supporters will be hoping he makes his move sooner rather than later.
Just reading that this offer is provisional offer with Stavely could this be a little ploy to get DK to pull his finger out he seems to be taking an awfully long time to buy her shares the announcement was the 12th June so perhaps she is trying to shake him up i saw that David Gold wanted to keep some shares in WHU but the report is that she is selling all of them
Yes, that picture at the top of this article is every bit one of a woman in love with football and intent on promoting West Ham United! Not what I am seeing, but who knows?
Sullivan has said he will not sell his 38% till we get into the premier league when the shares will be worth more money his shares are going to be worth Money now if Stavely and her group want to be the main shareholders at the moment she has 25% DK now has 27% and I think Albert Tripp has 8% and the rest are minimal amounts so Sullivan cannot be on the board as he is seen as not fit to Run our club because of Sex allegations so his shares are going to be worth a fortune or is there a set amount for each share. As iI understand it DK has first dibs followed by Ashland Forest developments so I think the ball is in Kretinskys court.
The whole thing doesn’t make sense, it did when I figured she would run the day to day and have control but otherwise she doesn’t have the capital…
If 25% is £160m then the club is valued at £640m, Sullivan’s statement about wanting PL money starts to sound like he and Gold have possibly had discussions on share prices, does he want more than that or would £240m get his shares.
Supposedly he and Staveley don’t get on but maybe he is going to do a deal for some or all of his shares to get a majority to Staveley?
Can’t work out how I feel about this, the best deal would be a partnership with DK but looks unlikely at the moment.
It would seem that a wheel has come off the West Ham United clown car once again. So snafu. (situation normal, all f***ed up). Let’s get one thing straight. The Staveley consortium are not a charity coming to our rescue, with our best interests at heart. They are a hedge fund, whose only interest is profit! And that is about it.
If your looking for her backers you probably won’t have to look much further than the Rueben Brothers, major developers, I was watching a Newcastle channel recently asking if it was thought that the Rueben’s might be looking to pull out of Newcastle, after Jamie Rueben apparently made a statement that they were at present looking at options to invest elsewhere, as Staveley brought the Rueben’s on board during the negotiation to buy Newcastle can we put 2&2 together and think there’s a possibility the same will happen at West Ham, I mean they are major, major developers in the South East, what is more prosporous the developement of St James Park and surrounding area or the LS and surrounding area I believe all you need to consider is the £ signs generated from each to answer that.
Asset strippers and premium investors in the guise of the Glaser ‘family’ took over Manchester United a few years ago. That did not go too well for supporters and fans.
Streamlining only works, if it works, for a short time. Smart investors know that it is time to get out once that initial boost has peaked.
This is not a recipe for running West Ham United.
Sullivan has said he will not sell his 38% till we get into the premier league when the shares will be worth more money his shares are going to be worth Money now if Stavely and her group want to be the main shareholders at the moment she has 25% DK now has 27% and I think Albert Tripp has 8% and the rest are minimal amounts so sullivan cannot be on the board as he is seen as not fit to Run our club because of Sex allegations so his shares are going to be worth a fortune or is there a set amount for each share%. As iI understand it DK has first dibs followed by Ashland Forest developments so I think the ball is in Kretinskys court.
Sullivan has said he will not sell his 38% till we get into the premier league when the shares will be worth more money his shares are going to be worth Money now if Stavely and her group want to be the main shareholders at the moment she has 25% DK now has 27% and I think Albert Tripp has 8% and the rest are minimal amounts so sullivan cannot be on the board as he is seen as not fit to Run our club because of Sex allegations so his shares are going to be worth a fortune or is there a set amount for each share%. As iI understand it DK has first dibs followed by Ashland Forest developments so I think the ball is in Kretinskys court.
With all the mess going on at board level its us fans who really care have to suffer watching second rate football WE HAD BEEN LED TO BELIEVE OUR CECH OWNER WAS BUYING GOLDS SHARES THE QUESTION BEGS WHY HASNT HE SHOULD HAVE BEEN DONE AND DUSTED NOW THIS COULD RESULT IN US BEING A CSHIP SIDE FOR A LONG PERIOD OF TIME DO ANY OF THEM REALLY CARE NOT FROM WHERE IMN SITTING
From what we know they seem like decent people which in itself is a major improvement on what had gone before. COYI
It’s just the worst time for all this uncertainty isn’t it? The squad and team are a mess and from what seemed like a long needed period of stability and serious management giving hope for the future we are back to a lack of clarity and inaction.
Just want Sullivan out of this club. Disappointed Kretinsky hasn’t made good on his word to buy the Gold shares.
Seems like a lot of stalling on club affairs or maybe an attempt to remove club assets, i.e players and reduce the overall club value to encourage new investors. Either way get Sullivan out, get owners who want to build up the club and invest in its infrastructure and players.