Daniel Kretinsky investment could lead to financial sustainability for West Ham
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at West Ham...
West Ham could move to financial sustainsbility after Daniel Kretinsky’s investment into the club.
That’s according to Dr Dan Plumley, who claims that his money could be put into clearing the outstanding debt bill at the club.
Earlier this month, Kretinsky, a Czech billionaire completed his 27 per cent investment into the Hammers.
David Gold and David Sullivan remain the main owners, but Kretinsky aims to complete a hundred per cent takeover in the future. [Sky Sports]
Discussing the allocation of these fresh funds, Dr Dan, the Sheffield Hallam University expert, told West Ham Zone, “For me, from a financial sustainability position, it’s good to get that debt bill down, which is believed to be £150million.
“The net debt position last year was at £105million so it’s important to get that down.
“If it means that the club is moving to financial sustainability in the future, then that’s always a good thing to look out for.
“The trade-off for that is the lust for more investment on the pitch and that’s a big thing for West Ham at the minute and whether or not he [Kretinsky] wants to increase that investment at any time.
“They’re doing very well at the minute and a Champions League spot would be lucrative and attractive and that would mean a big investment in the squad, so it’s the right thing to get the debt down.”
Sullivan, in a September interview, confirmed that the club were £150million in debt.
He had said at the time that the club were looking for investors to reduce the debt and has found one in Kretinsky.
In other West Ham news, ExWHUemployee has addressed claims of major Hammers exit amid recent development