
West Ham's Shareholders Act Against David Sullivan Amid Ownership Shake-Up
AI Summary
Two major shareholders of West Ham United, Daniel Kretinsky and Vanessa Gold, have publicly condemned David Sullivan following allegations of sexual misconduct made against him in a joint BBC Panorama and Times investigation. The pair expressed their deep concern and solidarity with the victims, stating, "Our thoughts go out to those women who have fought so hard to make their voices heard."
Kretinsky's stake in West Ham will increase from 27% to 43%, surpassing Sullivan's 38.8%. Sullivan, who is 77, has categorically denied the allegations, which date back to his profitable ventures in pornography and media. Kretinsky and Gold revealed that the full board was not informed of the allegations until about a month ago, and they only learned the details when the story broke on Monday.
Sullivan has faced restrictions, being banned from contact with the club's women's and youth teams for the past three years due to safeguarding issues. Kretinsky and Gold highlighted that the board was only made aware of these measures this week.
As West Ham seeks to return to the Premier League following relegation, Kretinsky and Gold emphasized their commitment to the club's future, announcing a share purchase agreement that would position 1890 Holdings as the largest shareholder. They expect to finalize this transaction in the coming weeks, which they believe will provide the necessary financial support for the club.
Despite the turmoil, manager Nuno Espirito Santo has agreed to continue his role, aiming for promotion from the Championship. With significant financial losses reported, including a £104.2m deficit for the year ending May 31, 2025, retaining key players like Mateus Fernandes is crucial.
Kretinsky and Gold are determined to rebuild relationships with fans, stating, "We believe that a strong coalition – of fans, players, management and the board – is essential to securing the bright future this club deserves." They are committed to stabilizing West Ham and engaging with all stakeholders to ensure success.
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