West Ham’s shareholders can inject up £90m cash this summer should they decide to do so.
Premier League owners are permitted to inject up to £90m over three years to count towards PSR, the last time that happened in West Ham was 2021 when Daniel Kretinksy invested into the club.
This would be achieved by a rights issue by selling additional to existing shareholders.
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This cash injection could be shared equally with each shareholder paying a percentage, or there could be a rights issue where one or more shareholders inject the cash, and the others dilute their shareholding in West Ham. A West Ham insider exclusively told Claret and Hugh last week “We’ll inject funds if needed/allowed and solves a problem”
If one or more shareholders decide not to inject cash by buying additional shares their current shareholding would then be diluted.
If multi billionaire Daniel Kretinsky were to inject the full £90m himself, he could expect to increase his shareholding from 27% by around 15% to 42% to become the largest shareholder.
In that particular scenario, it would see Sullivan shareholding reduced to around 31%, Gold family reduced to around 20%, Smith down to around 6.5% and others down to 0.5%
There are multiple scenarios based on which shareholders decide to buy shares