Kretinsky to become West Ham’s biggest shareholder as club addresses Sullivan allegations
6 verified4 unconfirmed
Daniel Kretinsky is set to become West Ham United’s largest shareholder after reaching an agreement to purchase an additional stake from the Gold family. The deal will increase Kretinsky’s holding from 27% to 43%, surpassing the 38.8% stake currently held by David Sullivan. Kretinsky and fellow shareholder Vanessa Gold issued a joint statement expressing deep concern over allegations of sexually exploitative and predatory behaviour against Sullivan, which were reported by a BBC Panorama and The Times investigation. Sullivan has categorically denied the claims. The statement also confirmed that the West Ham board was not informed of the allegations until approximately a month ago, and that safeguarding measures restricting Sullivan’s contact with the club’s women’s and youth teams have been in place since 2023. The deal is subject to pre-emption rights and necessary approvals, and is expected to provide additional financing as the club seeks an immediate return to the Premier League after relegation.
What’s verified
Daniel Kretinsky will increase his stake in West Ham to 43%, making him the club’s biggest shareholder, exceeding David Sullivan’s 38.8%.
The deal involves a share purchase transaction between the Gold family and Kretinsky’s 1890 Holdings, a part of the broader EP group.
Kretinsky and Vanessa Gold said they were “deeply concerned” by allegations against Sullivan reported by BBC Panorama and The Times.
Sullivan has denied the allegations and indicated he intends to take legal action.
The West Ham board was not notified about the allegations until about a month ago, according to the statement from Kretinsky and Gold.
Safeguarding measures restricting Sullivan’s contact with the club’s women’s and youth teams have been in place since 2023.
Not yet confirmed
Only one source reported that Sullivan resigned as joint chairman last Saturday after being informed the allegations were about to be published.
Only one source reported that Sullivan made his fortune from pornography, newspapers and football.
Only one source reported that Kretinsky’s current stake was 27% before the deal.
Only one source reported that Nuno Espirito Santo is the club’s manager.
Key figures
Daniel Kretinsky – Czech billionaire, current West Ham shareholder set to become largest shareholder.
Vanessa Gold – West Ham shareholder, inherited stake from her father David Gold.
David Sullivan – West Ham shareholder and former joint chairman, accused of historical misconduct.
Sources: BBC News, Sky Sports
