West Ham ownership change a long way off


Speculation of a West Ham ownership change and subsequent sale to Daniel Kretinsky this April can be well and truly forgotten.

West Ham ownership change is a long way off

The tragic passing of both former co owner David Gold and his daughter Jacqueline a few weeks later has ensure that there will have to be two periods of probate before any change in ownership can be be effected.

Both extend to around six months making it impossible for the Czech billionaire to make offers for the 25.1 per cent which are currently in the Gold family.

It would probably be closer to this time next year before it could happen as a result of double probate periods but David Sullivan with around 38 per cent currently has first chance to buy the available shares and he may choose to set up a family dynasty at the club by doing so.

Essentially, with the late DG’s estate  subject to probate, the shares held in his own name are subject to inheritance tax if they are sold within a specific time-frame after his death.

Jacqueline’s sad passing will also be subject to probate and some complicated processes considering she was about to inherit part of her father’s estate.

As a result there can be no rapid change of ownership for the club or the London Stadium . Indeed no time-frame can be put on the issue.

CandH Exclusive by Hughie Southon

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Hugh Southon is a lifelong Iron and the founding editor of ClaretandHugh. He is a national newspaper journalist of many years experience and was Bobby Moore's 'ghost' writer during the great man's lifetime. He describes ClaretandHugh as "the Hammers daily newspaper!"

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