Daniel Kretinsky meeting next week as West Ham United chief firms up £5billion bid – BBC News
West Ham United co-owner Daniel Kretinsky is set to have a meeting with the Communication Workers Union next week with a view to taking over the Royal Mail in a deal worth £5bn, according to BBC News.
The board of the company which currently owns the organisation is expected to recommend the takeover in the coming days.
The Czech billionaire who owns the Hammers is looking to “firm up” an offer of £5bn ahead of a meeting with the union next week.
They will ask for “a complete reset in employee and industrial relations” after “deteriorating” performance and financial losses for the company.
Czech billionaire Daniel Kretinsky will firm up an offer of £5bn for the company which employs more than 150,000 people.
The union will meet with Mr Kretinsy’s EP Group next week, calling for a “complete reset” in employee and industrial relations, as well as further commitments on the future of the company.
Daniel Kretinsky attention turns away from West Ham
In a year of transition for the Hammers, fans may have hoped that their owner was all in on the club.
With David Moyes departing and Julen Lopetegui coming in as head coach there is going to be plenty of changes this summer.
Tim Steidten has been handed the reigns with transfers but is Kretinsky paying enough attention to his club?
He has been pursuing a move to purchase the Royal Mail over recent months with a proposal of £3.5bn made earlier this month [PA Media].
The Czech businessman took control of the club after an initial 27 per cent investment back in November 2021 [Whufc.com].
There will be some concerns that taking over a national institution, especially with the fee involved, could detract from his focus on the Hammers moving forward.
Fans may be put slightly more at ease given that he has ran multiple companies alongside each other in the past.
On the flip side, the likes of Sainsbury’s and Foot Locker won’t run like a Premier League football club does.
In other West Ham news, all documents are now signed to complete new transfer, Fabrizio Romano says ‘here we go’.
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