Daniel Kretinsky, a Czech billionaire, has purchased a 27% stake in West Ham for £150 million in a deal that could lead to a takeover.
Daniel Kretinsky, a Czech billionaire, has bought a stake in West Ham United for £150 million.
Kretinsky, 46, has acquired a 27% stake in the Hammers as part of a first investment in the club, which might pave the way for a future takeover effort.
The industrialist, who also has holdings in Sainsbury’s and Royal Mail, will join the board of the London club, which is now aiming to become one of the Premier League’s most powerful clubs.
The deal values West Ham at about £700 million, and it is the latest good news for the club’s supporters, who are now third in the Premier League.
Pavel Horsky, Kretinsky’s business partner, will join the board of directors.
“I am glad this rigorous process has now been effectively ended,” Kretinsky said of the deal. Football is a sport that I adore.
“I like and respect West Ham United’s unique history and legacy, as well as its devoted and passionate fan base and the extremely inspiring role it plays in a variety of social programs and projects.
“Everyone has seen the club’s development and expansion in recent years, and I am thrilled to be a part of what I believe is a very exciting future ahead.”
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I just visited the London Stadium to witness David Moyes’ team, and I know what an exciting time it is to join the West Ham family.
“I am honored to now have the opportunity to assist everyone here in continuing this great club’s proud history.”
“On behalf of the board, I am delighted to welcome Daniel Kretinsky, Pavel Horsky, and 1890s holdings a.s. to West Ham,” vice-chairman Karren Brady stated.
“We are always trying to improve, and Daniel’s engagement brings investment, which strengthens the club’s position and, in turn, will help the club’s major areas of concentration expand.”
“David Sullivan and David Gold have always been upfront about their desire to find the proper investors to join them on their West Ham journey as custodians.
“In addition, Daniel’s great commercial acumen and football knowledge will be invaluable to the club.”
“We are very excited to collaborate with him and Pavel.”
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