How ball is now in Daniel Kretinsky's court as West Ham share resolution timeline emerges
Daniel Kretinsky will have an opportunity to stop Amanda Staveley from purchasing the Gold Family's shares at West Ham United.
The former Newcastle United chief is eyeing up 25.1 per cent of shares at a price of around £150million.
With Vanessa Gold reaching a provisional agreement with the consortium of PCP Capital Partners, there is still a long way to go before it's finalised.
Kretinsky has been in talks to acquire a majority stake at London Stadium, but Staveley has thrown in a twist.
As things stand, there's uncertainty around the Hammers' future as they prepare for Championship football in E20.
The off-field drama at the Irons is expected to run into next season and it could potentially take multiple directions.
Why Amanda Staveley is wary of West Ham agreement
West Ham Zone have covered reports of Staveley reaching out to David Sullivan over possibly acquiring his 38.8 per cent shares at the London Stadium.
PCP Capital Partners seem to have massive ambitions of potentially taking control of the East London club in the long run, but that may have to wait.
Before Staveley's agreement with the God Family is ratified, there will be a pre-emption process at the Hammers.
Over the next two months, there will be two rounds of right of refusal for existing shareholders like Kretinsky's to buy the shares at the price agreed by PCP Capital Partners.
Finance expert Paul Quinnl, writing on The Esk on 2 August, expects a resolution to be reached by late September or October.
Steveley's deal will also be subject to clearance from the EFL Owners' and Directors' Test.
What does this mean for Nuno Espirito Santo and his team?
Nuno Espirito Santo is tasked with taking West Ham back into the Premier League while uncertainty looms in the boardroom.
It will be interesting to see whether the process will have any effect on the Hammers' transfer activity.
With Kretinsky said to be disappointed as he was hoping to buy the Gold Family's shares, the Czech national may want to hold off on any investment.
The uncertainty over the ownership of the Irons couldn't have come at a worse time as Nuno looks to win immediate promotion.