Gold family legacy lives on

3 Aug, 2023
written by Sean Whetstone

The appointment of Vanessa Gold as Joint Chairman all but cements the Gold family legacy and dispels speculation they plan to sell up as soon as possible.

David Gold often talked of his hopes that his family would carry on the West Ham dynasty as he called it, and Vanessa has delivered on that promise.

Contrary to reports in the Daily Mail and other places David Gold did leave a will with the majority of his estate going to Vanessa and Jacqueline in equal shares.

On his death in January, he held just 25% of the West Ham shares with 18% held in his own name and 7% in two trusts.

Sadly, his eldest daughter died in March and her will is likely to have left her estate to her husband Dan Cunningham (already a West Ham board director) and her youth daughter Scarlett most likely in trust.

Subject to probate Vanessa probably now controls.12.55% of West Ham shares with Dan Cunningham and his daughter controlling the other 12.55%

Inheritance tax duties are exempt if shares are retained within a family business.  Shares in family businesses which are trading limited companies are exempt from IHT provided they have been held for two years



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