Two of West Ham United's major shareholders have publicly criticized fellow stakeholder David Sullivan after reaching a deal that will see Czech billionaire Daniel Kretinsky become the club's largest shareholder.
Kretinsky and Vanessa Gold expressed deep concern following allegations of sexually exploitative and predatory behavior against Sullivan, revealed by a joint BBC Panorama and Times investigation. As part of the agreement, Kretinsky's stake will increase from 27% to 43%, surpassing Sullivan's 38.8%.
"Our thoughts go out to those women who have fought so hard to make their voices heard," Kretinsky and Gold said in a joint statement. "Any abuse of power is abhorrent, and it takes great courage and determination to speak up against it."
Sullivan, 77, categorically denies the claims, which date back to his career in pornography, newspapers, and football. The shareholders noted that the full West Ham board was only informed of the allegations about a month ago and did not learn the full details until they became public on Monday.
Sullivan has already been banned from contact with the club's women's and youth teams for three years due to safeguarding concerns. Kretinsky and Gold stated that board representatives other than Sullivan were only made aware of these safeguarding measures this week.
The ownership reshuffle comes as West Ham faces challenges both on and off the pitch following relegation from the Premier League. Manager Nuno Espirito Santo has agreed to stay on to lead the push for promotion from the Championship.
"As shareholders and directors of West Ham, our focus is now firmly on protecting the future of this football club," Kretinsky and Gold said. They outlined a share purchase transaction between the Gold family and 1890 Holdings, part of Kretinsky's EP Group, which would make it the largest shareholder with approximately 43% ownership.
Kretinsky and Gold said their vision is backed by fellow shareholders Tripp Smith, Daniel Harris, and Terry Brown. "We are taking these steps because West Ham needs to be truly united at this moment in its history," they added, expecting the deal to finalize in the coming weeks.
Financially, West Ham lost £104.2 million in the year to May 2025 and anticipates another significant deficit. While key players like Mateus Fernandes may attract interest—Manchester United is reportedly reluctant to meet the £80 million valuation—Kretinsky's wealth could provide necessary funds. However, rebuilding fan trust remains a priority after protests against Sullivan and former vice-chair Karren Brady.
"Our goal is to stabilise West Ham, retain as many of our key players as possible, and secure an immediate return to the Premier League," said the statement. "We are also committed to engaging with our fans and all business partners to build a stronger future for our club."