Daniel Kretinsky is set to become West Ham’s majority shareholder after historic allegations against David Sullivan emerged. The Royal Mail owner will increase his stake from 27% to 43% by purchasing shares from Vanessa Gold, daughter of late business partner David Gold.
Background of Allegations
A BBC Panorama investigation alleged that Sullivan preyed on women for sex, accusations he denies. Seven women accused the billionaire of abusing his power, some when they were in their late teens. Sullivan stepped down as co-chair and director but retains his stake.
Joint Statement
A joint statement from Gold and Kretinsky confirmed the deal, expected to be ratified in weeks. It read: “We were deeply concerned by the revelations… any abuse of power is abhorrent.” The board was not notified until a month ago, and safeguarding measures since 2023 were only revealed this week.
The statement added: “Our focus is now on protecting the club’s future… securing an immediate return to the Premier League under Nuno Espírito Santo.” The transaction makes 1890 Holdings the largest shareholder with ~43%, providing additional financing.
Future Plans
Once finalized, EP and the Gold family will vote jointly on key matters. Other shareholders—Tripp Smith, Daniel Harris, and Terry Brown—support the strategy. The goal is to stabilize the club and engage fans and partners.
