Consortium led by former Newcastle director Amanda Staveley to buy 25% stake in West Ham

[p]The Gold family trust ‌owns 25.1% of the shares in the English Championship (second-tier) ‌club who were relegated from the Premier League ‌last season.[/p][p][b]"I have now reached an agreement to sell my family's shareholding to a consortium of PCP Capital Partners, ‌led by Amanda Staveley and Mehrdad ⁠Ghodoussi, in partnership ‌with Ashland Forest Capital Partners," [/b]Vanessa Gold said in a ​statement on Saturday.[/p][p][b]"This sale remains subject to a pre-emption process, under which existing shareholders ​have the option to buy the shares instead. While the process has not yet concluded, I wanted ⁠to be open ​with our fans about where things stand and my intentions."[/b][/p][p]David Sullivan is the club's biggest shareholder, with 38.8%. Kretinsky, through 1890s Holdings, owns 27% and would ‌have become the majority shareholder had the agreement to buy a 16% portion of the Gold family's shares gone through.[/p][p][b]"On the 12th June Daniel Kretinsky and I agreed a sale ... unfortunately, since that time the original deal and other alternatives that we have discussed could not be brought to fruition,"[/b] Gold said.[/p][p]Staveley and her firm PCP Capital Partners ‌had played a key role in helping Saudi ​Arabia's Public Investment Fund (PIF) take over Premier League ‌club [a href="https://www.flashscore.ca/team/newcastle-utd/p6ahwuwJ/"]Newcastle United[/a] in 2021.[/p][p]"The Consortium will bring deep experience and understanding of what it takes to lead a successful football club, and I have every confidence in what they can ⁠bring to [a href="https://www.flashscore.ca/team/west-ham/Cxq57r8g/"]West ⁠Ham[/a]," Gold added.[/p]