West Ham co-owner Daniel Kretinsky has teamed up with a fellow money man to up the stakes and close on a £1bn deal.
West Ham fans do not hear much from or about ‘secretive’ co-owner Daniel Kretinsky.
But when they do, he’s usually spending serious money. Unlike West Ham right now with the club yet to make a single signing in the summer transfer window thus far.
Away from the transfer rumour mill, there has been consistent speculation surrounding a West Ham takeover and the future of the London Stadium over the last two years.
Czech billionaire 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.
Rumours of full Kretinsky takeover at West Ham have died down
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.
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 co-owner Daniel Kretinsky teams up with fellow money man to up the stakes and close on £1bn deal
As reported on Hammers News at the start of the month, Kretinsky has been 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.
Now West Ham co-owner Kretinsky has teamed up with a fellow money man to up the stakes and close on a £1bn deal.
In a fresh update to our original story, Kretinsky now looks set to win the race according to the likes of Euro News.
The site reports that Kretinsky now plans to inject 1.2 billion euros (£1.03bn) into the distressed retailer, as part of a consortium with French billionaire Marc Ladreit de Lacharriere and Attestor.
Kretinsky has purchased stakes in the French national newspaper Le Monde, retailer Fnac-Darty, British supermarket chain Sainsbury’s and German grocer Metro.
It is the latest in a series of big money moves by Kretinsky over in France which included buying a £37m castle near Paris.
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