West Ham co-owner Daniel Kretinsky is pushing for a £770m deal in his latest investment move but there’s no sign of a full Hammers takeover bid.
There has been consistent speculation surrounding a West Ham takeover and the future of the London Stadium over the last two years.
Czech billionaire Daniel Kretinsky has repeatedly been linked with an eventual full takeover of West Ham.
Kretinsky became West Ham’s second biggest stakeholder behind David Sullivan when he purchased 27 per cent of the club in November 2021.
And there had been speculation for some time that Sullivan and the Gold family might sell their stakes in the Hammers – particularly after the embarrassment clause in the club’s anchor tenancy deal with the LLDC officially expired in March.
West Ham co-owner Daniel Kretinsky pushing for £770m deal in latest investment move but no sign of a full Hammers takeover bid
Kretinsky’s compatriot Vladimir Coufal appeared to drop a big hint that the money man does plan to eventually take full ownership of West Ham.
There was excitement back in March too when a report claimed Kretinsky could complete a full takeover AND buy the London Stadium.
But Hammers fans were left disappointed when a highly-placed West Ham board source swiftly denied that was a possibility anytime soon.
One thing is for sure, though, if that is Kretinsky’s eventual plan he certainly has the money for it.
But for the time being he is spending large chunks of it elsewhere.
West Ham money man joins forces to front £770m as part of £1.5bn package
West Ham co-owner Kretinsky is pushing for a £770m deal in his latest investment move but there is no sign of a full Hammers takeover bid.
Kretinsky is competing with a trio of French business executives to take control of the debt-laden French supermarket operator Casino.
The Hammers man is already a shareholder in the company. But he is teaming up with Marc Ladreit de Lacharrière’s Fimalac, another existing investor, to offer €1.35 billion (£1.1bn) in cash, which together with debt converted into equity would reach a €1.8 billion (£1.5bn) capital increase in total, according to Bloomberg.
The website reports that Kretinsky’s proposal would see the West Ham billionaire and Fimalac would provide €900 million (£770m), with the rest coming from existing creditors, shareholders and other market participants.
It is the latest in a series of big money moves by Kretinsky over in France which included buying a £37m castle near Paris.
MORE WEST HAM NEWS
Related Topics
