West Ham stakeholder Daniel Kretinsky has no significant assets in Russia
West Ham stakeholder Daniel Kretinsky has no significant assets in Russia, according to a recent report by Claret and Hugh.
Football Insider’s finance expert Kieran Maguire claimed that the Hammers may have to look for loans to fund their transfer activity this summer.
This was down to the fact that their Czech billionaire owner, who has a 27 per cent stake in the club, did not have liquid cash due to it being stuck in Russia.
However, these claims have been rubbished by a C&H source inside the club.
The report reads: “Evidence to back up such speculation, is non existent and our own senior club insider described them as baseless telling Claret and Hugh exclusively ‘Kretinksy has no significant assets in Russia’.”
Relief
This transfer window is a big one for West Ham due to the fact that they did not shell out anything in January.
With top four still up for grabs then, the least that they could’ve done was to free up some funds and give David Moyes the funds he needed.
However, they cannot afford to make the same mistake in the summer as well.
There were worries that Kretinksy’s involvement in Russia may see West Ham suffering and struggling to raise funds this summer.
Due to the sanctions, there’s a question mark about everything, but it’s good to have this cleared up.
Hopefully, his involvement sees the Hammers paying that extra money to get certain players over the line which wouldn’t have happened in the past.
In other West Ham news, the Hammers have scouted a £20m-rated ‘Dangerous’ British striker and want to seal a permanent move this summer.
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