Czech Businessman Officially Acquires West Ham United Shares

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LONDON — Czech businessman Daniel Kretinsky has officially become the second largest shareholder of West Ham United. Kretinsky has acquired a 27 percent stake in the Hammers. Most of West Ham United’s shares acquired by Daniel Kretinsky came from the ownership of David Sullivan.

With the acquisition of Kretinsky, Sullivan, who previously owned 51.5 percent of The Hammers, now owns 31.5 percent. In addition, David Gold also has only 10 percent from the previous 25.1 percent. Likewise Tripp Smith, who only owns 2 percent of West Ham United’s shares from 8 percent. Even with the decline in the number of shares of other investors from 3.4 percent to 1.1 percent.

Czech Businessman Officially Acquires West Ham United Shares
Czech Businessman Officially Acquires West Ham United Shares

This acquisition of West Ham shares by Daniel Kretinsky was followed by the inclusion of Kretinsky and his partner Pavel Horsky on the West Ham Owners’ Board led by Sullivan. West Ham Owners Board Vice Chairman Karren Brady welcomed Kretinsky and Horsky’s attendance. According to him, with the entry of investment from Kretinsky, West Ham can strengthen the club’s financial position and condition, especially to pay off long-term debts.

“We are constantly working to bring the club to life. The investment Daniel will bring will strengthen the club’s position and help us to develop a number of key areas. David Sullivan and David Gold are always open to making the right investment. Daniel’s business skills and experience in the world of football business will provide great benefits for this club,” said Brady as reported by the Guardian , Thursday (11/11).

Kritinsky is known to have a background as a lawyer. But Krientisky is also known to have a number of investments in various fields, including a number of shares in Royal Mail and the daily Le Monde.

In addition, Kretinsky is also one of the owners of the Czech club, Sparta Prague. In at least the past year, West Ham United’s Board of Owners has rejected twice offers to buy shares from equity, PAI Capital, led by Nasib Piriyev. However, as soon as the offer from Kretinsky came in, the West Ham United Owners’ Board immediately welcomed the offer.

On the pitch, the Hammers have proved impressive at the start of this season. The team made by David Moyes managed to occupy the third place in the English Premier League standings with a collection of 23 points from 11 matches. This achievement is inseparable from successive wins in the last four matches, including when silencing Liverpool 3-2, last weekend.

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