One of David Sullivan’s most trusted confidants has opened up on a failed West Ham United mission out to the Middle East.
David Sullivan is currently the majority shareholder at West Ham, with a controlling 38.8% stake in the club.
Daniel Kretinsky is the second largest shareholder at the London Stadium, and the co-owner of the Hammers.
When Kretinsky bought a large share in West Ham nearly three years ago, many fans thought it was the dawn to an eventual full takeover.
However, the Czech businessman – who holds a 27% stake in the Hammers – admitted just a few days ago that it has never been his plan to own a controlling share of the East London club.
Claret and Hugh recently reported that both Kretinsky and Sullivan are willing to relinquish some control in the club, and are prepared to lower their respective stakes to around 25% each.
West Ham are said to be actively seeking new investors, but as things stand, the search appears to be a fruitless one…
David Sullivan confidant lifts lid on West Ham Middle East mission
So Karren Brady has apparently been sent on a mission out to the Middle East to find new investors.
And the Hammers vice-chairman was reportedly offered a seven-figure bonus if she was successful.
Unfortunately though, it seems like she has returned empty-handed.
Sean Whetstone – a trusted confidant of Sullivan – has shared an update on the Hammers’ hunt for new investors:
“The hunt to find a new investor for West Ham this summer has so far failed. Hammers Vice Chairman Karren Brady is thought to have been offered a seven-figure bonus to find new investment but has not managed to find one despite a trip to the middle east earlier this year.”
“A number of factors are a barrier to bring in a new minority but significant shareholder but the search will go on.”
David Sullivan’s son – Jack – recently suggested that he can’t envisage his father ever retiring from his role at West Ham.
That doesn’t mean that he isn’t willing to take a backwards step and relinquish some of his shares in the Hammers though.
West Ham are surely an incredibly attractive club for potential new investors. Ok, so the club don’t own the London Stadium, but we have everything else.
Located in the heart of London and with a massive following, the Hammers are a sleeping giant in my eyes.
And it will be very interesting to see whether David Sullivan is successful in finding new investors for West Ham over the course of the next few months.
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