It has been reported today that Czech billionaire Daniel Kretinsky is set to buy a minority stake in West Ham United, with the view to take a controlling stake thus ending the David Sullivan & David Gold ownership at the club.
As reported in The Athletic today, the 46 year old billionaire is set to purchase a 27% stake in the club at a circa cost of £150m, with the longer term view of purchasing a controlling stake at a value of around £600m.
According to reports, the initial minority purchase at this time is due to a tax clause relating to the lease terms of the London Stadium, which is due to expire in 15 months time.
Czech businessman Kretinsky is the CEO and owner of EPH, which is the largest energy group in Central Europe and co-owner and president of football club AC Sparta Prague.
The investment figures quoted far outweigh the reported ‘bids’ received from PAI Capital this year and are believed to be in the range acceptable to David Sullivan to sell his stake.