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Finance Guru: Daniel Kretinsky sticking points at West Ham United remain after investment news
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive West Ham United columnist. Each week he’ll be giving his views on the biggest talking points at the London Stadium...
Dan Plumley has insisted that there are still sticking points behind Daniel Kretinsky increasing his minority stake at West Ham United this summer.
Football Insider reported on 21 March that the Czech businessman has an active interest in the stakes of the late David Gold, with a £150million injection to follow.
The finance expert admitted that it looks relatively straightforward, but it still has to be done right with an offer being sent and more importantly accepted by the Gold estate.
“It could always be a sticking point, for sure,” he exclusively told West Ham Zone.
“It’s one of those where again, nothing is binding until it happens so it’s one of those what happens most of the time, the offer is there but you have to activate it and then it needs to be accepted.
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“That is where this is kind of at with Kretinsky, we know he has first refusal on this, but it has to go in, it has to be done properly and it has to be accepted.
“Again, I think it is looking at the long-term picture of the football club and if around the time when Kretinsky came in with that investment, if Sullivan and Gold, those in charge at the time were looking at him as the person to take it over in the future, you would anticipate that is still in play, but things do move over time.
“On paper, it looks a relatively straightforward thing, but you still have to get everything over the line so it could still be a sticking point, for sure.”
It’s hard to see how the West Ham United board is working right now.
The Gold estate still has the controlling stakes and David Sullivan has reiterated his desire not to sell, although if Kretinksy does have his offer accepted, he would become the majority stakeholder.
A summer of change could be on the way at the London Stadium.