Major twist in financier’s choice between West Ham and Spurs for £0.5bn investment. There has been a major twist in a financier’s choice between West Ham and Spurs for a £0.5bn investment after a journalist’s update.
Money is the name of the game in modern day football.
And both West Ham and rivals Tottenham Hotspur have been actively looking for fresh investment. Czech billionaire Daniel Kretinsky became West Ham’s second biggest stakeholder by purchasing 27% of the Hammers for £150m almost three years ago.
Meanwhile Spurs have reportedly been targeted by PSG’s Qatari owners in the last year. Over in east London, West Ham’s Gold family stake was attracting interest from the Middle East and US.
Earlier this summer The Sun’s Matt Hughes reported West Ham are one of six Premier League clubs using advisers Rothschild and Co to bring in fresh funds amid strict and restrictive new PSR rules.
West Ham and Spurs open to new investment
After selling her stake in Newcastle, Amanda Staveley is said to have raised £500 million for a fund that she wants to invest in another Premier League club.
West Ham’s fierce rivals Tottenham were chief among her targets according to a report from Bloomberg last month.
But in the wake of news of a potential investment in Tottenham, a top board source claimed a Staveley-led fund could buy into West Ham instead. Especially with the Gold family stake being open to offers.
Now there has been a major twist in the financier’s choice between West Ham and Spurs for a potential £0.5bn investment.
Major twist in financier’s choice for £0.5bn investment
That’s according to an exclusive from journalist Alan Nixon. Writing on his Patreon, Sun reporter Nixon has bad news for West Ham.
Because he claims Staveley has now chosen to try and pump funds into Tottenham instead. To rub salt in the wound for the Hammers, Staveley is said to have ‘serious money’ behind her from the Middle East.
“Staveley has ‘serious money’ behind her from the Middle East and private wealthy individuals who want a glamorous Premier League home…” Nixon reports. “Staveley has put together a separate funding team and hopes to take an initial stake in Spurs before buying even more of the London club.
“Owner Joe Lewis may be open to selling at the age of 87. He lives abroad and has had his own business issues distracting him recently.
“There could be a deal to take 25 per cent of the club as they are open to investment coming in as the first stage of a new partnership.” Spurs strike gold as West Ham shares go unsold
The Gold family’s 25% stake in West Ham has been up for sale since last October.
At the time, Vanessa Gold said she wants to sell to ‘the right partner’.
“I have spoken to each of the other three major shareholders at West Ham United, David Sullivan, Daniel Kretinsky and Tripp Smith, who have been very supportive,” she said.
“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 and Co to advise us on any discussions and will keep the other shareholders, the club and our supporters updated on any significant developments.”
