A stake of up to 10% in the Premier League football club West Ham United has been put up for sale, providing the latest test of international investors’ appetite for a slice of one of England’s top-flight clubs.
Sky News has learnt that Vanessa Gold, daughter of the late businessman David Gold and a joint-chair of West Ham, is working with bankers at Rothschild to sell a chunk of her family trust’s 25% shareholding.
One prospective investor who has been alerted to the deal said on Tuesday that Ms Gold was expected to sanction the sale of up to 10% of last year’s Europa Conference League winners.
A number of funds are said to have been sounded out in recent days about a potential deal.
Football industry insiders said any transaction was likely to value the Hammers at a premium to the roughly-£650m price put on the club by the sale of a 27% stake to the Czech billionaire Daniel Kretinsky in 2021.
That would reflect West Ham’s repeated ability to sell out the 62,500-capacity London Stadium, and last season’s triumph in European club competition for the first time.
The Hammers, managed by David Moyes, sit in ninth position in the Premier League table, having lost 1-0 at home to Everton at the weekend.
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Like many top-flight clubs, West Ham have a syndicate of wealthy shareholders.
Mr Kretinsky retains the stake he bought two years ago, while David Sullivan owns just under 39% and the financier Tripp Smith holds 8%.
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One source said a number of sports investment funds which focus on owning minority stakes were expected to be interested in buying a stake of about 10% in the club.
In a statement issued following an enquiry from Sky News, Ms Gold said: “I would consider selling a proportion of our shares to the right partner.
“I have spoken to each of the other three major shareholders at West Ham United: David Sullivan, Daniel Kretinsky and Tripp Smith, who have been very supportive.
“Any transaction to purchase some of our shares will be with my father’s legacy at the forefront of my mind which, of course, prioritises his beloved West Ham United.
“I have appointed Rothschild & Co to advise us on any discussions and will keep the other shareholders, the club and our supporters updated on any significant developments.”
The process to offload the stake comes amid continuing interest in owning a piece of the world’s richest domestic football league.
In September, Liverpool announced that Dynasty Equity, a US-based private equity firm, had bought a small minority stake in the club.
There is also ongoing scrutiny of the ownership of clubs including Tottenham Hotspur, while Everton has announced its proposed sale to 777 Partners – a deal which has yet to receive regulatory approval.
The latest flurry of takeovers and minority deals comes as the Premier League prepares to sell its next cycle of domestic broadcast rights, the lion’s share of which are currently held by Sky News’ parent company.
A new financial redistribution deal that will see Premier League clubs hand hundreds of millions of pounds over a six-year period to their lower-league counterparts remains under discussion.
The government is expected to include legislation to establish an independent football regulator in next week’s King’s Speech.
A spokesman for West Ham declined to comment, while Rothschild also declined to comment.
Lucy Letby’s father threatened a hospital boss while the trust was examining claims that the neonatal nurse was attacking babies in her care, an inquiry has heard.
Tony Chambers, the former chief executive of the Countess of Chester Hospital, described how Mr Letby became very upset during a meeting about the allegations surrounding his daughter in December 2016.
Mr Chambers led the NHS trust where neonatal nurse Letby, who fatally attacked babies between June 2015 and June 2016, worked.
It was the following year in 2017 that the NHS trust alerted the police about the suspicions Letby had been deliberately harming babies on the unit.
“Her father was very angry, he was making threats that would have just made an already difficult situation even worse,” Mr Chambers told the Thirlwall Inquiry.
“He was threatening guns to my head and all sorts of things.”
Earlier, Mr Chambers apologised to the families of the victims of Letby, but said the failure to “identify what was happening” sooner was “not a personal” one.
He was questioned on how he and colleagues responded when senior doctors raised concerns about Letby, 34, who has been sentenced to 15 whole-life terms for seven murders and seven attempted murders.
Mr Chambers started his evidence by saying: “I just want to offer my heartfelt condolences to all of the families whose babies are at the heart of this inquiry.
“I can’t imagine the impact it has had on their lives.
“I am truly sorry for the pain that may have been prolonged by any decisions that I took in good faith.”
He was then pressed on how much personal responsibility he should take for failings at the trust that permitted Letby to carry on working after suspicions had been raised with him.
“I wholeheartedly accept that the operation of the Trust’s systems failed and there were opportunities missed to take earlier steps to identify what was happening,” he said.
“It was not a personal failing,” he added.
“I have reflected long and hard as to why the board was not aware of the unexplained increase in mortality.”
Mr Chambers also said he believed the hospital should have worked more closely with the families involved, saying “on reflection the communications with the families could have and should have been better”.
The Thirlwall Inquiry is examining events at the Countess of Chester Hospital, following the multiple convictions of Letby.
Earlier this week her former boss, Alison Kelly, told the inquiry she “didn’t get everything right” but had the “best intentions” in dealing with concerns about the baby killer.
Ms Kelly was director of nursing, as well as lead for children’s safeguarding, at Countess of Chester Hospital when Letby attacked the babies.
She was in charge when Letby was moved to admin duties in July 2016 after consultants said they were worried she might be harming babies.
However, police were not called until May 2017 – following hospital bosses commissioning several reviews into the increased mortality rate.
A £50,000 reward is being offered over the unsolved theft of a batch of early Scottish coins that were stolen 17 years ago.
More than 1,000 coins from the 12th and 13th centuries were taken from the home of Lord and Lady Stewartby in Broughton, near Peebles in the Scottish Borders, in June 2007.
The stolen haul spans a period of almost 150 years, from around 1136 when the first Scottish coins were minted during the reign of David I up to around 1280 and the reign of Alexander III.
The late Lord Stewartby entrusted the remainder of his collection to The Hunterian Museum at the University of Glasgow in 2017, but the missing coins have never been found.
Crimestoppers announced its maximum reward of £20,000 – which is available for three months until 27 February – in a fresh appeal on Wednesday. An anonymous donor is helping to boost the total reward amount to £50,000.
It is hoped it will prompt people to come forward with information which could lead to the recovery of the missing treasures and the conviction of those responsible for the crime.
Angela Parker, national manager at Crimestoppers Scotland, said Lord Stewartby’s haul was the “best collection of Scottish coins ever assembled by a private individual”.
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Jesper Ericsson, curator of numismatics at The Hunterian, described the medieval coins as smaller than a modern penny.
He added: “Portraits of kings and inscriptions may be worn down to almost nothing and the coins might be oddly shaped, perhaps even cut in half or quarters.
“You could fit 1,000 into a plastic takeaway container, so they don’t take up a lot of space. They may look unremarkable, but these coins are the earliest symbols of Scotland’s monetary independence.
“They are of truly significant national importance. Their safe return will not only benefit generations of scholars, researchers, students and visitors to come, but will also right a wrong that Lord Stewartby never got to see resolved before he died.”