Daniel Kretinsky agrees £3.5bn takeover as news on West Ham chief drops
West Ham shareholder Daniel Kretinsky has agreed a £3.5billion takeover deal for Royal Mail’s parent company, according to Bloomberg.
The online source reported [29 May] that Kretinsky has agreed to a complete takeover of International Distributions Services (IDS), having already held a 27 per cent stake in the company.
The Hammers announced Kretinsky, and his colleague Pavel Horský, as major shareholders at the London Stadium, having acquired a 27 per cent share in 2021, becoming directors.
Daniel Kretinsky turns attention away from West Ham United
As the Irons look to enter a new era under Julen Lopetegui, with David Moyes’ exit confirmed earlier this month, fans would have hoped for everyone involved to be focused on the club.
While David Sullivan is very much involved, and Tim Steidten has control over the transfer situation, Kretinsky seems to be dividing his attention between several different projects.
Of course, for someone like him, a Czech billionaire, the football club will be a business rather than the love of his life, like it is for the fans who attend matches every week.
However, with the Irons entering into a new stage, with a new manager, new players and new expectations, one of the major shareholders is focusing on Royal Mail.
While this could be seen as a negative, the amount of money he has just invested into a business would suggest that West Ham and Lopetegui are set for a lot of support.
European qualification will be one of the main ambitions next season, which can only be sustainable with more investment. If Kretinsky wants to prove his dedication to West Ham, this will be the way.
Only time will tell what changes will be made at the London Stadium, with some suggesting that Sullivan should step down due to limited funds, which Kretinsky could certainly help with.
In other West Ham news, McAvennie was stunned by what Mohammed Kudus did recently.
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