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News
West Ham takeover clue emerges after Karren Brady’s official £800m claim
A West Ham takeover clue has emerged amid the latest football finance news from Europe this week.
The Hammers are searching the market for new inv🦋estment, with Vanessa Gold, daughter of the late David Gold, open to selling a large chunk of her stake.
It does not appear that Czech billionaire D🐭aniel Kretinsky will up his stake from ﷺ27 per cent any time soon, even though he has the option to do so at a set p🧔rice.
Karren B꧑rady was recently disp𝔍atched to the Middle East to c💯ourt new investors, although that trip is not believed to have yielded any meaningful results.
Now, the latest developments in France could be another setback in♔ the East London club’s pro♛ject.
French finance news could impact West Ham takeover hopes
Until recently, Ligue 1 had failed to secure a domestic TV deal for its upcomin𝓰g five-year ri꧂ghts cycle.
With just weeks to go until the start of the new season, this was an existential threat to clubs in France’s top tier, with many owners considering ℱleaving.
But, as reported by , Ligue 1 have s🌠truck a £420m agreement with DAZN and BeIN Sports.
That figure is less ꧙than half of what the league was originally looking for but will still come as a huge relief for club owners.
However, with a potential mass exodus of owners of French foo🌺tball clubs averted, it will reduce the already small pool of investors capa﷽ble of a West Ham takeover.
- READ MORE WEST HAM FINANCE NEWS: West Ham h👍ave £60m off-pitch plan to blow Newcastle out of the water
TBR Analysis: When will West Ham takeover be complete? How much will it cost?
Writing on her official website in 2020, club vic𒁃e-chair Brady said the club is valued at £800m.
That figure will likely have risen somewhat in recent years, perhᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚaps by another £50-100m.
That projection is in line with private equity investor and football finance expert Gregg Bettinelli’s valuation of West Ham of over £795m.
Will it be a full takeover? That remains to be seen, but the fact David Sullivan allowꩲed Kretinsky to negotiate an option for a full takeover 🍌suggests that GSB are fashioning an exit plan.
However, takeovers can take years to꧃ engineer. And even when a buyer is found, there can be complic𝓀ations which further protract the process. Just ask Everton.
The new i✃ndependent regulator for English football, which is vehemently opposed by Brady, could also complexify matters.
The government-backed body will likely i🍨ntroduce a new owners and♏ directors test and the fear among Premier League directors is that it could scare off foreign investment.