Dr Dan explains West Ham transfer situation amid Daniel Kretinsky Russia links
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 will not be self funding if Daniel Kretinsky’s funds are held up in certain Russian companies.
He will also not be entitled to pay 27 per cent of transfer costs due to his 27 per cent stake in the Hammers.
That’s according to Dr Dan Plumley, who claims that the club will work out each deal on an individual basis.
Recently, Football Insider reported that the Hammers may have to take fresh loans to fund their transfer activity.
Discussing this situation with West Ham Zone, the Sheffield Hallam University expert said,
“It depends on the situation at the time and where both parties are at.
“There’s no self funding method that links to stake of ownership because he owns 27 per cent stake but his net worth is more than the other shares in the club.
“You cannot say that he’s got this much stake so he’ll pay this per cent of the cost.
“Things will be done on a deal by deal basis. Historically, we’ve seen Gold and Sullivan and they don’t always splash the cash. They’re kind of frugal in their approach.“
Thus far, nothing concrete has emerged as to which way West Ham seem to be leaning.
However, the sanctions on Russia have put the Czech billionaire in bit of a tough spot.
In other West Ham news, the club want to sign a ‘Brilliant’ Chelsea player who will tick a major box for David Moyes in the summer.
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