Jack Sullivan 'could' become West Ham's new largest shareholder amid Daniel Kretinsky latest

West Ham United's ownership situation cannot be simply solved as controversy shrouds co-owner David Sullivan at the London Stadium.

That is according to former Manchester City financial adviser Stefan Borson, who exclusively told Football Insider that Daniel Kretinsky is unlikely to seek full ownership of the recently relegated club.

Sullivan has stepped down as the Hammers' chairman amid "factually incorrect and entirely false decades-old allegations," denying any claims being levelled at the 77-year-old.

Given the rumours and allegations, reports have suggested that Kretinsky could buy a larger share at the London Stadium, though it is unknown whether these are true.

According to The Guardian (10 June), Sullivan was even restricted from attending the Irons' Women's and academy games due to an FA safeguarding enquiry.

The entire situation has sparked questions over the future of West Ham's ownership, with Borson suggesting that Sullivan's son, Jack, could take over instead.

West Ham ownership no easy fix at the London Stadium

Speaking exclusively to Football Insider, Borson believes that Kretinsky has shown no signs of wanting to take full ownership, though that could change.

"The slight problem is that it's not just Sullivan's shares that are on the block, in terms of being available, because the Gold shares are also available," he said.

"And I think [Kretinsky] was planning to buy the Gold shares with Sullivan. So Sullivan was going to buy some of them and Kretinsky was going to buy some of them.

"And [Kretinsky] was planning to buy the Gold shares with Sullivan. So Sullivan was going to buy some of them and Kretinsky was going to buy some of them.

"If you get to a point where Sullivan can't buy, that may or may not be the case, it is not impossible that he just basically hands it all over to his son and says, 'I'm not involved anymore'.

"It's not impossible that that is the route they take. If not, the question will be whether this guy [Kretinsky] wants to buy the rest of it.

"It's going to be a lot of money for a team that's just been relegated. Does he want to own 100 per cent? He's had opportunities and options to buy 100 per cent before and not taken them."

What has Daniel Kretinsky said about his future at West Ham?

While one co-owner steps away from the London Stadium, the other has let out a rallying battle cry after West Ham's relegation to the Championship.

In what was seen as a rare interview for Kretinsky, the Czech billionaire made a defining statement about his future at the London Stadium, rather than shying away.

"Definitely (I will stay on). It doesn’t matter if we’re in first or second tier. That’s not a reason to abandon the club. I see it as a duty getting promoted," he said.

This could be a sign that Kretinsky is ready to purchase a majority share, and that will be music to the supporters' ears this summer.