Dr Dan: Daniel Kretinsky appears set for full West Ham ownership by 2023
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...
Daniel Kretinsky is likely to take full ownership of West Ham by 2023 after buying an initial 27 per cent stake in the club in November.
That’s according to Dr Dan Plumley, who claims that the Czech billionaire is primed for a complete takeover of the east London club.
This would mean that David Gold and David Sullivan would no longer be the decision-makers at West Ham.
In November, the Evening Standard reported that documents had been submitted to Companies House that show a put and call agreement between Sullivan, 1890s holdings, the company used by Kretinsky to purchase his stake, and EP Investment Sarl, Kretinsky’s investment company.
This means that Sullivan has the right to sell Kretinsky his shares at a pre-agreed price.
Reacting to this recent development, Dr Dan, the Sheffield Hallam University expert, told West Ham Zone, “It seems to be that the deal is done.
“From what I’ve seen of it, there are a couple of things from Kretinsky’s point of view and it’s a very good piece of business.“
“The price is set in writing. I believe that the figure will not rise if they make the Champions League.
“They’ll be infinitely cheaper on paper if they manage to make the Champions League, but Kretinsky will have the right to buy them for the pre-determined price.”
This would mean that Gold, Sullivan, Brady (GSB) step aside from the club, leaving Kretinsky in charge of the club.
With Kretinsky’s investment valuing the club at up to £700 million, Sullivan and Gold will be entiled to give 20 per cent of any profit to the London Stadium’s landlord, the London Legacy Development Corporation.
In other West Ham news, the club are set to make a ‘Concrete’ bid to complete a major January signing