The Brentford Football Club made a huge statement on Wednesday afternoon, aiming to draw in £400 million in investment.
One of the Premier League’s biggest success stories in recent years, the West London team’s owner Matthew Benham has disclosed to Sky News that he wants to sell a portion of the business. According to Brentford, the deal is “essential” for the club’s progress.
According to Sky, Rothschild has been brought in to supervise the process by Benham, who made his first investment in the Bees back in 2007. It is anticipated that US-based investors will show interest in the club
Since Benham joined the team, Brentford has advanced from League Two to the Premier League. The squad, who are becoming mainstays in the Premier League, just moved from Gryphon Park into the ultramodern Gtech Community Stadium.
Benham is thought to be “open-minded” about selling the club’s majority or minority stake. Sky cites an “insider” who affirms that the owner wishes to continue being involved in the project, even only as a modest partner.
Along with advising West Ham United on a 10% stake sale, Rothschild also released the news. Joint-Chairwoman of West Ham United Vanessa Gold stated in October of last year: “I would consider selling a portion of our shares to the right partner.” All three of the other significant West Ham United shareholders—David Sullivan, Daniel Knetinský, and Tripp Smith—have been incredibly supportive during our conversations.
“My father’s legacy will always be at the forefront of any transaction involving the purchase of some of our shares, with a particular focus on his beloved West Ham United.” I have designated Rothschild & Co. to provide us with advisory services for any conversations, and I will promptly notify the other shareholders, the Club, and our supporters of any noteworthy advancements.
Regarding Rothschild’s hiring, Brentford remained silent but later released a statement that was provided to Bloomberg News in December. “It’s not surprising that there has been interest in investment opportunities at Brentford FC, given the recent rise and growth of our club and the shifting shareholder landscape within the Premier League,” the statement said.
“Matthew Benham’s dedication to the team is still as strong as it has always been, but we need to carefully consider the potential implications of any new investment for Brentford FC’s future.
“We must not stand still and we remain determined to safeguard the long-term future of Brentford FC and to remain competitive in the world’s most challenging and successful league.”