'Czech Sphinx' Kretinsky close to buying big stake in West Ham United

'Czech Sphinx' Kretinsky close to buying big stake in West Ham United

10/28/2021 3:47:00 PM

'Czech Sphinx' Kretinsky close to buying big stake in West Ham United

Daniel Kretinsky's purchase of a big stake in the Hammers is expected to be announced in the first half of November, Sky News understands.

A Czech-based billionaire who owns big stakes in Royal Mail and J Sainsbury is within days of agreeing the purchase of a big stake in West Ham United Football Club that could lead to a full takeover.Sky News has learnt that Daniel Kretinsky, who owns the Czech top-flight side Sparta Prague, is in advanced talks to acquire a 27% stake in the Premier League club.

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The transaction could be announced as soon as the first weekend of November, when the Hammers play Liverpool in a top-of-the-table clash at The London Stadium.Financiers said the deal was expected to include an option to take full control of West Ham after an unspecified period.

Mr Kretinsky's initial stake purchase is likely to value the club at between £600m and £700m, according to one person briefed on the transaction.AdvertisementIf he proceeds to take full control of West Ham, it would end the decade-long control of David Gold and David Sullivan, who acquired the club in 2010. headtopics.com

Image:A view of West Ham's stadium in LondonIf confirmed, it would be the latest in a series of major deals involving Premier League clubs, following the controversial sale of Newcastle United to a Saudi-led consortium. Read more: Sky News »

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