Consortium led by Staveley to buy Gold family’s stakes in West Ham
LONDON: Vanessa Gold, daughter of former West Ham United chair David Gold, has reached an agreement to sell her family’s shares to a consortium led by Amanda Staveley and others, after a previously agreed sale to Czech businessman Daniel Kretinsky fell through. The Gold family trust owns 25.1 percent of the shares in the English Championship (second-tier) club who were relegated from the Premier League last season. “I have now reached an agreement to sell my family’s shareholding to a consortium of PCP Capital Partners, led by Amanda Staveley and Mehrdad Ghodoussi, in partnership with Ashland Forest Capital Partners,” Vanessa Gold said in a statement on Saturday. “This sale remains subject to a pre-emption process, under which existing shareholders have the option to buy the shares instead. While the process has not yet concluded, I wanted to be open with our fans about where things stand and my intentions.” David Sullivan is the club’s biggest shareholder, with 38.8 percent.