West Ham are the subject of a major multi-million investment into the club although this may be some weeks away should it happen
Claret and Hugh have been told that agents and intermediaries are acting on behalf of certain third parties willing to invest are looking at options. The investment would not become takeover of the club with David Sullivan remaining the majority shareholder.
Sullivan and Gold have long made it clear since they took over the club they would welcome other investors to share the financial strain.
In 2017 American millionaire Tripp Smith invested in West Ham taking a 10% shareholding and loaning the club £9.5m interest-free.
According to our source, there is a chance of a new investor joining the existing shareholders but first they would need to show proof of funds before any transaction can proceed.
Currently, David Sullivan owns 51.5% of the shares David Gold 35.1%Tripp Smith 10% Terry Brown and Daniel Harris 3.4%
If this dilutes Sullivan’s shareholding and/or reduces the current reliance on expensive short-term loans, we should, albeit cautiously for now, welcome the news.
If they made a small percentage of shares available as fractional shares to season ticket holders would be a wonderful gesture.
Could be shrewd investment for the right people, if I remember correctly some revenue streams generated within the stadium will become solely ours after ten years of the concession.
It’s most likely to be DG relinquishing some shares?
Purely speculation of course, but he did flog the FA Cup recently, so I’m guessing that as a retailer he’s been faced with major financial headaches for the past two years.