Sources: Daniel Kretinsky plotting £150m+ spend even if West Ham get relegated
Czech billionaire Daniel Kretinsky will follow through with his West Ham investment plans even if the club are relegated this season, sources have told Football Insider.
Kretinsky currently owns 27 per cent of the Hammers after agreeing to a deal worth between £180-200million in November 2021.
Football Insider sources revealed on Sunday (5 March) that Kretinsky is now planning to invest a further £150million to acquire David Gold’s 25 per cent share.
Kretinsky is eager to become the majority shareholder at London Stadium, and his latest plans would see him surpass David Sullivan’s 38 per cent ownership in the club.
The Hammers sit 16th in the Premier League table this season and are just two points clear of the relegation zone.
The 4-0 loss to Brighton on Saturday afternoon was the club’s 14th league loss of the season and demotion to the Championship has become an increasingly real threat for the Hammers.
However, it is understood that Kretinsky is planning to follow through with his £150million investment even in the event of relegation this season.
The 47-year-old businessman has been the majority owner of Czech side Sparta Prague since 2004 and he is keen to expand his ownership portfolio with West Ham.
His investment in the club is likely to be made at the end of the season with a view to becoming the majority owner for the upcoming 2023/24 campaign.