After several weeks of speculations, West Ham United have announced that the Czech businessman Daniel Kretinsky has completed the minority purchase of 27% shares of West Ham Holding Ltd. The owner of Czech investment group 1890s holdings a.s and his colleague Pavel Horský will soon become members of the Board of Directors of WH Holding Ltd, as part of the deal.
With the purchase of 27 per cent, this deal has reduced the shareholdings of other two investors, David Sullivan and David Gold.
David Sullivan still has the majority of shares with 38.8 per cent, while Gold holds 25.1 per cent. Tripp Smith also holds 8 per cent of the shares.
Commenting on the deal, Daniel Křetínský 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,” he added.
West Ham United Vice-Chairman Karren Brady said, “On behalf of the Board I am very pleased to welcome Daniel Křetínský, Pavel Horský and 1890s holdings a.s to West Ham United. We are always looking to continue to progress and Daniel’s involvement brings investment which strengthens the Club’s position, and in turn, will assist in the development of the Club’s key areas of focus.“
“David Sullivan and David Gold have always been very open about finding the right investors to join them on the journey as custodians of West Ham United, and Daniel’s strong business acumen and football experience will be of huge benefit to the Club. We very much look forward to working with him and Pavel.”
Following the investment, West Ham United is currently valued at £700m. On the field, the club first defeated Liverpool last weekend and have currently acquired the third spot in the table.