Czech Billionaire Křetinský Considering Buying Significant Stake in West Ham

Prague MorningbyPrague Morning
October 29, 2021

Sky News has learnt that Daniel Křetinský is in advanced talks to acquire a 27 per cent stake in in the London-based English Premier League football club West Ham United, with a view to a possible full takeover in the future.

The transaction could be announced as soon as the first weekend of November, when the Hammers play Liverpool at London Stadium – live on Sky Sports.

Financiers said the deal was expected to include an option to take full control of West Ham after an unspecified period.

Mr. Křetinský’s initial stake purchase is likely to value the club at between £600m and £700m, according to one person briefed on the transaction.

If he proceeds to take full control of West Ham, it would end the decade-long control of David Gold and David Sullivan, who acquired the club in 2010.

If confirmed, it would be the latest in a series of major deals involving Premier League clubs, following the controversial sale of Newcastle United to a Saudi-led consortium.

Křetinský, who owns assets in the energy, media, industrial and retail sectors, has become a significant player in corporate Britain, and now ranks as the largest shareholder in Royal Mail and the second-largest in Sainsbury’s.

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