Daniel Kretinsky has no need to accept Qatari West Ham bid after £1.7bn news that dropped last week
The news that Sheikh Jassim‘s attempt to purchase Manchester United has fallen through could still yet have knock-on effect for West Ham.
Italian journalist Fabrizio Romano reported on Saturday that the Qatari’s attempt to assume control from the Glazer family had hit the buffers after his latest £5.7bn offer was rejected.
It has set some tongues wagging that Sheikh Jassim may now look at putting his extensive cash reserves into West Ham, especially given previous reports that the Hammers were a potential target if his move for the Red Devils failed.
BBC journalist Simon Stone has previously told the Stretford Paddock YouTube channel [11 July] that West Ham were another option, while Spanish news outlet El Pais [20 May] had made a similar suggestion.
But news that emerged last week would suggest that there is no immediate thought of a sale being ratified at West Ham.
According to a story reported by This is Money on October 9, Czech tycoon Daniel Kretinsky, who owns a 27 per cent stake in the Hammers, saw profits at his energy company Energeticky a prumyslovy holding (EPH) skyrocket to £1.7billion for the first six months of 2023, even though revenues slipped to £12.9bn from £13.1bn in 2022.
The story added that EPH is set to pay out dividends totalling £438million for the first half of 2023. Kretinsky owns just over half of the company meaning he stands to personally pocket around £219m.
With his personal wealth estimated at around at £7.4bn it really does beg the question as to whether he would feel the need to cash-in on his stake at the Hammers.
Although, as a clearly savvy businessman perhaps if the offer was too good to refuse he might be tempted to do so.
In other West Ham news, Tomas Soucek has reportedly been offered to Inter Milan.