Former West Ham United vice-chair David Sullivan is open to selling his stake in the London Stadium club, according to The Athletic. The 77-year-old called time on his involvement at West Ham during the weekend, citing claims of false allegations. Sullivan owns 38.8 per cent of the Hammers and is now considering selling it having called the shots since 2016. With West Ham valued at between £710 million-£780 million, their erstwhile vice-chair could bag £300m for his stake.
Co-owner Daniel Kretinsky, bought his 27 per cent stake for £182.5m in 2021, and it remains to be seen if the Czech billionaire will look to buy Sullivan’s shares. However, there is now a possibility that another buyer could emerge after PAI Capital made a £400m bid to buy the club in October 2021. While Kretinsky has no plans to leave West Ham, Sullivan could be done and the club will not be short of suitors despite getting relegated to the Championship.
However, would-be buyers could be keen to offer less than £300m as relegation has affected the club’s value.
West Ham fans have called for Sullivan’s departure for years and are getting close to getting their wish following his resignation.
