In a statement, West Ham revealed that Czech billionaire Daniel Kretinsky has bought a 27% minority stake in the club, thus ending speculation about the deal. Both the men and women of West Ham were in excellent shape, with them sitting in the upper half of their tables.
While the West Ham men’s team have been in excellent shape this season, their summer window has been filled with speculation about a potential new owner. He had many fans wondering if that would see the team spend more over the summer, but the move never materialized. However, rumors and reports indicated that the club was indeed looking for someone to buy a share, which was confirmed by David Moyes.
It took some time, but West Ham have finally confirmed that Czech billionaire Daniel Kretinsky has indeed bought a minority stake in the club. The Hammers revealed that Kretinsky bought a 27% stake and the statement confirmed that the move will change the club’s “capital structure” and help reduce their “long-term debt”.
“West Ham United is pleased to announce that the Czech investment group 1890s Holdings has completed the acquisition of 27% of the shares of WH Holding Ltd. As part of the agreement, it is expected that the 1890 holding companies as president Daniel Křetínský and his colleague Pavel Horský become members of the board of WH Holding Ltd “, reads the statement on the club’s website.
“A successful global investor, businessman and lawyer, Křetínský’s investment follows diligent negotiations with shareholders, including West Ham United co-chairs David Sullivan and David Gold. The deal is a further enhancement of the club’s capital structure that will initially allow for long-term debt relief and the ability to continue to direct the generated funds into other key areas of focus, continuing the positive progress made at West Ham United over the past few years. years. “
We are pleased to announce that the Czech investment group 1890 Holdings as has completed the acquisition of 27% of the shares of WH Holding Ltd.
– West Ham United (@WestHam) November 10, 2021