Dan Plumley has maintained that West Ham United’s £650 million price tag seems excessive, given that Vanessa Gold is expected to sell the team’s shares at the London Stadium.
According to Sky News, Gold’s family’s ownership stake is expected to increase the club’s value beyond the £650 million Daniel Kretinsky invested in it.
The finance expert admitted it was challenging to put a true value on the club, with the London Stadium arrangement making that difficult on top of other things.
“It shows especially the growth over the last few years,” he exclusively told West Ham Zone.
“There is never an exact science to this, everyone will have their own version of the value and the shareholders will be one of those stakeholder groups in the mix.
“I get the feeling that everything we have seen in the industry, and the benchmarking which is not perfect, that is slightly high for a full club acquisition price.
“You’ve got the stadium in there which is a bit of a challenge as well because of the nature of how that is operating and other things around the value to West Ham as a result.
“It is an attractive club, and it would require a significant value in terms of a takeover.
“If you look at Newcastle at £300million, and an Everton takeover rumoured to be at £500million, you’re looking at West Ham in terms of those benchmarks and I get the feeling that £650million is slightly high which again, may come into the conversation around who buys those shares and potentially what control they want.”
