The staged nature of the proposed deal is understood to be linked to a clause in the club’s agreement with their ultimate landlords at the London Stadium, the London Legacy Development Corporation (LLDC), which says Gold and Sullivan must pay a percentage of any profit they make on a sale of the club to London’s taxpayers.
When asked about the story at his press conference on Friday, Moyes said: “I don't know any more than you know, but it sounds like something is happening, yes.” This deal, which has been months in the making, would therefore spell the beginning of the end of West Ham’s so-called “GSB” era, a reference to their majority owners and co-chairmen David Gold and David Sullivan and vice-chair Karren Brady, who have controlled the club since 2010. The 46-year-old, who is known as the “Czech Sphinx” because of his inscrutable investment style, is expected to buy 27 per cent of the Premier League club initially but may eventually take a majority stake at a later date.
West Ham United manager David Moyes has said that it “sounds as if something is happening” after The Athletic revealed that Czech billionaire Daniel Kretinsky is considering the purchase of a minority stake in the Premier League club.
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