West Ham United

About

Valued at $3.1B on the back of $280M in annual revenue, this East London club benefits from one of Europe's most lucrative media markets and a stadium (London Stadium) with significant commercial upside following its conversion from Olympic infrastructure. Ownership stability under Sullivan and Kretinsky—who acquired his minority stake in 2021 and has gradually expanded influence—has enabled infrastructure investments and operational efficiency gains, though competitive underperformance relative to peers limits near-term valuation momentum. The franchise's investment thesis hinges on closing the performance gap to establish consistent European qualification, which would unlock higher broadcasting revenues and commercial partnerships within London's competitive marketplace.