Daniel Kretinsky takeover at West Ham United put on hold as Premier League trouble continues
Daniel Kretinsky is set to place his bid to take full control of West Ham United on the back burner due to the club’s continued struggles in the Premier League this season, according to KUMB.
The Czech entrepreneur controls the second-largest shareholding stake in the club behind David Sullivan and was expected to make an offer to take full ownership of the club in 2023.
However, according to KUMB (Thursday 23 February), these plans have been halted as David Moyes’ side continues to struggle in the Premier League – currently sitting 18th and just two points above Southampton at the foot of the table.
As a result, Kretinsky has “shelved his takeover bid for the foreseeable future” while Moyes’ side continues to battle for Premier League survival.
No surprise
This update won’t come as a surprise to Hammers fans, with the threat to their Premier League status potentially having a huge impact on the valuation of the club.
Kretinsky is a smart man and knows that investing all his chips in a club that could be dealt a huge financial blow by relegation from the top flight is not the best business move. He will now probably hold his offer back until the end of the season.
On the pitch, the pressure on Moyes has grown even larger. The ramifications of relegation this campaign won’t just affect his managerial CV and job security at the London Stadium but also shape the future of the club from a larger standpoint.
Kretinsky will be hoping the Scottish manager can reverse the club’s dreadful form this year and navigate their way up the Premier League table. The upcoming match against Nottingham Forest on Saturday, 25 February, could go a long way to deciding Kretinsky and Moyes’ future with West Ham United.