Sheikh Jassim ‘could buy stake’ in West Ham following Man Utd disappointment
Man Utd reveal Premier League record annual revenue but still make loss
West Ham are reportedly hopeful of luring Qatari royal Sheikh Jassim bin Hamad al-Thani into investing in the club. Several international parties have registered an interest in purchasing a stake in the Hammers after Vanessa Gold revealed that she was willing to sell up to 10 per cent of her shares in the club.
David Moyes’ side have made a reasonably solid start to the Premier League campaign, sitting in ninth place in the table after winning four of their opening 10 matches. Following the sale of Declan Rice to Arsenal, West Ham splashed the cash over the summer to bolster their ranks and ensure that the departure of their captain was not detrimental.
James Ward-Prowse, Mohammed Kudus and Edson Alvarez all arrived as part of Moyes’ spending spree, and the Hammers could be hopeful of working with an increased budget in the future. According to The Times, West Ham are hoping that Sheikh Jassim ‘could buy a stake’ in their side.
Vanessa Gold, the daughter of the club’s late joint-chairman David Gold, recently announced that she was looking to sell up to 10 per cent of her stake in the Hammers. However, it is claimed that Ms Gold would also be willing to part ways with her entire 25 per cent share of the club if a sufficient offer arrived.
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The report goes on to state that West Ham insiders believe that the opening ‘may attract an offer’ from Sheikh Jassim after he failed to strike a deal with the Glazers to purchase Manchester United earlier this year. The billionaire was keen to complete a full takeover of the Old Trafford outfit but ultimately withdrew from the race after feeling that he was being quoted too high of a price for the club following several rejected offers.
Sheikh Jassim remains keen to acquire a stake in an English club as soon as possible, being speculatively linked with making a move for Tottenham previously after Daniel Levy announced that he would listen to minority investment proposals. However recent reports have ruled out the Qatari billionaire buying Spurs.
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Ms Gold’s statement is likely to catch the eye of numerous suitors, especially after Czech billionaire Daniel Kretinsky, who purchased a 27 per cent stake in the club in 2021, decided not to increase his share in Moyes’ side. “I would consider selling a proportion of our shares to the right partner,” she announced.
“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. 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.”
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