Because the re-issuing of shares final yr the board might want to approve the season’s marketing strategy and finances between 1st July and thirtieth September annually and any deviation from that finances over £1m might want to come again to the board for approval.
Any single merchandise or undertaking over £2m will even want board approval as will new contracts or liabilities of over £250,000. Any potential ligation over £200,000 will even want to return to the board earlier than settlement and for visibility.
Because it stands David Sullivan owns 38.8% of the shares, Daniel Kretiensky 27%, David Gold 25.1% Tripp Smith 8% and Terry Brown/Daniel Harris 1.1%.
The West Ham board of twelve now consists of David Sullivan, David Sullivan Junior, Jack Sullivan, David Gold, Dan Cunningham, Andy Mollet, Karren Brady, Daniel Kretinsky, Pavel Horsky, Journey Smith and Daniel Harris