West Ham working on securing Middle East investment with David Sullivan selling some of his stake a possibility

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West Ham are looking to bring in a new investor from the Middle East with David Sullivan possibly selling some of his stake.

West Ham have been linked with Middle Eastern takeovers in recent years.

Particularly since the passing of former co-owner David Gold.

Back in December The Times reported that West Ham had ‘drawn international interest’ after the Gold family announced they may sell some of their shares.

Middle East Ham?

Journalists Martyn Ziegler and Tom Roddy claimed Qatar’s Sheikh Jassim was among those interested.

It has been quiet on that front since then.

But it seems efforts have continued in the background to bring in a new mega rich investor.

Because West Ham are working on securing Middle East investment with David Sullivan selling shares a possibility claims a confidant.

Sullivan could reduce stake as West Ham seek new money

Sean Whetstone, who counts vice-chair Karren Brady among his contacts, claims that is the case in a detailed update.

Whetstone says sources have suggested Sullivan would sell nearly 14% of his current stake, Daniel Kretinsky 2% and the Gold family just over 9% to given a new investor an 25% package.

“Sources close to the Mergers and Acquisitions industry have suggested West Ham is looking for a new investor in the Middle East or elsewhere. In one scenario, David Sullivan would sell 13.8% of his 38.8% shares, Daniel Kretinsky would sell 2% of his 27% holding and the Gold family would sell 9.2% of their 25.1% shareholding to create a new 25% shareholder package for a new investment partner,” Whetstone said.

“That would leave Sullivan, Kretinsky and a new partner with 25% each as equal partners. In that scenario, The Gold family would retain 15.9% shareholding. Tripp Smith 8% and Terry Brown and Daniel Harris the remaining 1.1%.

“This is only one of several scenarios being considered to bring new investment to the club. The quest for new investment will be led by Vice Chairman Karren Brady.”

Earlier this week I spoke to football finance expert Kieran Maguire about what the Premier League’s new PSR rules mean for West Ham.

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