Gold family court new investor

31 Oct, 2023
written by Sean Whetstone

Companies House records published earlier this year show that 592 shares of West Ham holding company (W H Holding Ltd) (17.2%) were held by David Gold personally when he passed away, with another 270 shares (7.9%) held by Gold Family Trusts and Gold Companies. It is likely that it is this (7.9%) could be up for sale as these would potentially avoid inheritance tax and not the 10% quoted by Sky Sports News story earlier today.

Back in August, I was contacted by a West Ham fan who works in mergers and acquisitions to tip me off that the Gold family were looking for advisors to sell a proportion of their shares to investors. I approached the club at the time and the Gold family in early September but failed to receive any comment from either contact.
When Daniel Kretinsky bought into West Ham, there was a ‘call agreement’ inserted, meaning other shareholders would have first refusal on the selling of shares by the others.
At that price, the 7.9% West Ham shareholding would be valued at £49m while still retaining 17.2% of the Hammers for the Gold family shares, retaining the third largest shareholder title.
The appointment of Rothschild suggests the board are looking for new investment and money for the club.
It suggests the existing shareholders are happy with the status quo and would encourage further investment in the form of a new shareholder to the board.
Earlier today  West Ham United Joint-Chair Vanessa Gold announced she may consider selling a proportion of her family’s shares in the football club.

Ms Gold said: “I would consider selling a proportion of our shares to the right partner. I have spoken to each of the other three major shareholders at West Ham United, David Sullivan, Daniel Křetínský and Tripp Smith, who have been very supportive.

“Any transaction to purchase some of our shares will be with my father’s legacy at the forefront of my mind which, of course, prioritises his beloved West Ham United.

“I have appointed Rothschild & Co to advise us on any discussions and will keep the other shareholders, the Club and our supporters updated on any significant developments.”


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