West Ham United shareholder Daniel Kretinsky makes £1billion proposal
West Ham shareholder Daniel Kretinsky has reportedly made a proposal to the tune of £1billion in one of his non-footballing ventures.
According to Six Foot Two [24 April], he wants a capital increase at French Groupe Casino to which it would subscribe under a plan that eventually leads to a change of control at the retailer.
EP Global Commerce is controlled by the Czech billionaire and is the casino’s second-largest shareholder with a stake of 10.06%.
No West Ham takeover?
Kretinsky’s clear got the funds to invest big into anything he wants to and it doesn’t seem like West Ham are his top priority.
The Czech billionaire came to the London Stadium and there were talks about possibly completing a full takeover of the Hammers.
However, that talk has faded away and even after the demise of David Gold, Kretinsky does not appear keen to buy out his share.
This is not ideal as West Ham appear to be curtailed under the current ownership and need someone fresh at the top to make decisions that can make this side a force in the future.
Fans would love to see a hands on owner with new ideas to take the club forward but that does not seem to be Kretinsky.