Vanessa Gold has confirmed that her family plan to sell their shares in West Ham United to a consortium headed by former Newcastle co-owner Amanda Staveley. had previously reported that the Gold family had been in discussions with Staveley's consortium, which also includes her husband Mehrdad Ghodoussi, over a 25% stake in the Championship club.
What has Vanessa Gold agreed to sell?
Vanessa Gold said she has reached an agreement to sell her family's shareholding to a consortium of PCP Capital Partners, led by Amanda Staveley and Mehrdad Ghodoussi, in partnership with Ashland Forest Capital Partners.
"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.
"While the process has not yet concluded, I wanted to be open with our fans about where things stand and my intentions."
David Gold, who died in 2023, was joint chairman of the Hammers for 13 years in tandem with long-time business partner David Sullivan. Sullivan is still the largest shareholder in the club, while Daniel Kretinsky has the next highest stake.
Kretinsky's EP Group held discussions with the Gold family earlier this summer, soon after West Ham's relegation from the Premier League, about buying their stake and becoming the club's single largest shareholder, but that deal fell through.
reported in June the deal would have seen Kretinsky's stake in the club rise from 27% to 43%, exceeding Sullivan's 38.8%.
Who are Amanda Staveley and Mehrdad Ghodoussi?
Staveley and Ghodoussi were previously shareholders at Newcastle between 2021 and 2024, having been involved with the takeover of the Tyneside club by Saudi Arabia's Public Investment Fund.
Vanessa Gold said her aim throughout the process has been to secure the right leadership and ownership for West Ham so the club can reach its potential and return to the Premier League.
"My ambition throughout this process has been to ensure the club has the right leadership and ownership to enable West Ham to achieve its potential and return to its rightful place in the Premier League.
"Amanda Staveley, Mehrdad Ghodoussi and PCP Capital Partners will bring deep experience and understanding of what it takes to lead a successful football club. I have every confidence in what she and her partners can bring to West Ham."
How has Daniel Kretinsky responded?
Daniel Kretinsky's position was not aligned with Gold's comments. A spokesperson for Kretinsky issued a statement after news of the imminent deal with Staveley's consortium.
"The agreement we had reached with the Gold family in June provided stability for the club at a crucial time. Today's announcement does the opposite.
"We will always act in the best interests of West Ham United and are reviewing all of our options, including exercising our pre-emption rights in full."
Pre-emption rights are legal or contractual provisions that allow existing shareholders to purchase shares before they are offered to external parties.
The Gold family and Staveley's consortium are now set to continue the process, although the sale has not yet been completed.
