Daniel Kretinsky has completed the 27% purchase of  shares at West Ham United following long standing talks with the clubs owners, as reported previously by ExWHUEmployee & The West Ham Way.

The highly anticipated sale of shares is one of huge significance for the football club and it’s fans, as Kretinsky’s purchase is seen as a key stepping stone to taking full control of the club in the near future, thus spelling the end of the GSB era at West Ham.

The Czech businessman said “I am delighted this detailed process has now been successfully concluded. I am passionate about football. I greatly appreciate and respect the exceptional history and tradition of West Ham United as well as its loyal and passionate supporter base and also the highly inspiring role it plays in many social programmes and initiatives.

“The development and growth of the Club in recent years has been clear for everyone to see and I am delighted to be part of what I believe is a very exciting future ahead.

“Having been to the London Stadium recently to watch David Moyes’ team, I know it is an incredible time to become part of the West Ham United family. I feel privileged to now have the opportunity to help everyone here build on the proud traditions of this great Club.”

West Ham have confirmed that the investment has already significantly reduced the current overall debt and it is expected that David Moyes will have a healthy pot to spend in the upcoming January transfer window.

Kretinsky is the co-owner of Czech football club Sparta Prague, the largest Royal Mail shareholder and the second-biggest stakeholder at Sainsbury’s.

The West Ham Way will keep supporters up to date with any further developments.

 

Written by Mark Carlaw (@mcrugrid)