West Ham United co-owner Daniel Kretinsky’s new stake could mean more millions spent
West Ham United co-owner Daniel Kretinsky has been given the green light to increase his control over postal group Royal Mail, according to The Times.
The government will be taking no further action against the Czech moguls Vesa Equity Investment, Royal Mail’s largest shareholder, which will likely see its stake in the company rise from 22% to 25%.
Kretinsky paid a reported £180m for 27 per cent of West Ham last November and his arrival saw a summer of big transfers at the London Stadium.
It was a window like no other for Hammers fans, £170million was spent on new arrivals, with big names like Gianluca Scamacca and Lucas Paqueta arriving at the club.
Whilst Kretkinsky’s new stake in Royal Mail isn’t connected to his dealings at West Ham, it does mean the more money he is getting elsewhere will translate to the club eventually.
This was clearly evident in this summer’s transfer window and bodes well for the Irons transfer dealings moving forward.
GLS.
The report from the Times suggests that Kretinsky isn’t interested in the Royal Mail but in fact, it’s European and American courier business GLS.
And it’s no surprise when you hear how much GLS’s market value is, the company is rated at more than IDS’ current £1.8 billion valuation.
GLS is described as the “hidden jewel in the crown” of Royal Mail’s business with its profitability propping up their losses in recent years.
This makes a lot more sense that the West Ham co-owner is going gun-ho with this stake increase, the Royal Mail is notorious for making losses year upon year.
But what does all this mean for West Ham United?
It’s pretty simple really, the more money the Czech billionaire makes through his other investments, the more money he can pour into David Moyes’ team.
This news should leave Hammers very excited, it could mean plenty more summers like the one just witnessed and an abundance of new talents at the London stadium.