West Ham United’s second-largest shareholder, Daniel Kretinsky, is closing in on his £3.6 billion bid to take over Royal Mail, with confirmation expected in the next fortnight.
The Czech billionaire’s pursuit of the deal hasn’t been straightforward, requiring additional concessions to secure agreement.
However, those hoping this acquisition might see Kretinsky dedicating more time to West Ham should reconsider. His heart remains with Sparta Prague, where he’s chairman and majority owner. The 49-year-old is preparing to invest £155 million in a new stadium for the Czech club, demonstrating where his priorities lie.
While Kretinsky holds a 27% stake in West Ham and has the option to purchase the remaining shares, his focus remains divided.
With a personal fortune of £7.1 billion, his business empire spans retail, media, and energy. His energy group, EPH, boasts assets valued at £15 billion.
Royal Mail’s current owners have recommended shareholders accept Kretinsky’s offer, making the long-delayed deal highly likely to close soon.
