Former West Ham United co-owner David Gold's family confirmed plans to sell a 25% stake in the club to a consortium led by ex-Newcastle co-owner Amanda Staveley. Vanessa Gold, David's daughter, announced the agreement, which also includes her husband Mehrdad Ghodoussi and Ashland Forest Capital Partners.

In her statement, Vanessa emphasized her intention to ensure the club has the right leadership to achieve its potential, particularly after West Ham's relegation from the Premier League. She stated, "Amanda Staveley, Mehrdad Ghodoussi, and PCP Capital Partners will bring deep experience and understanding of what it takes to lead a successful football club."

David Gold, who passed away in 2023, co-chaired the club for 13 years alongside David Sullivan, who remains the largest shareholder. Daniel Kretinsky, holding the next highest stake, had previously engaged with the Gold family about acquiring their shares. However, that deal fell through, which would have increased Kretinsky's stake from 27% to 43%.

Kretinsky's spokesperson criticized the new agreement, stating, "The agreement we had reached with the Gold family in June provided stability for the club at a crucial time. Today's announcement does the opposite." They are now reviewing options, including exercising pre-emption rights to purchase shares before they are offered to others.

This pivotal shift in ownership marks a significant moment for West Ham United as they aim to regain their standing in top-flight football.