A consortium led by Amanda Staveley has reportedly brought a 25.1 per cent stake in West Ham United.
The Championship club have given an update an official statement. The move comes after the family of the late David Gold agreed to sell 16 per cent of their stake to Royal Mail owner Daniel Kretinsky. It however seems that Staveley offered a higher price to buy the full stake.
In a club statement, released on Saturday, the Hammers said:
"West Ham United can confirm it is aware of the announcement from Joint-Chair Vanessa Gold that she has reached a provisional agreement to sell her shares to a consortium of PCP Capital Partners, led by Amanda Staveley and Mehrdad Ghodoussi, in partnership with Ashland Forest Capital Partners.
"The proposed transaction will now be subject to a pre-emption rights process. This provides all existing shareholders with the opportunity to acquire their proportional percentage of shares in round one, and any remaining shares in round two. This process will take approximately two months and, until it is completed, nothing will change regarding the ownership structure of the Club.
"West Ham United would like to assure supporters that the day-to-day running of the football club is in no way affected by this situation.
"Preparations for the new season continue to take shape with diligence and focus, and we thank all fans for their continued loyal backing at this time.
"The Club will be making no further comment while the pre-emption process runs its course."
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