West Ham news: Kieran Maguire drops intriguing Daniel Kretinsky takeover claim - 'he's made a fortune'
Running a football club is “notoriously unprofitable” and it would be “impossible” for Daniel Kretinsky to consistently make money from a West Ham takeover.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that Kretinssky should stay as a minority shareholder and look to sell his West Ham stake to interested parties.
Czech businessman Kretinsky currently owns a 27 per cent stake in the Hammers after purchasing a minority share in the club back in November 2021.
Football Insider sources revealed last Thursday (9 March) that Kretinsky is set to invest a further £150million in the London club regardless of if they are relegated this season.
His investment would see his stake surpass the 38 per cent owned by David Sullivan, making Kretinskyy the majority shareholder.
Maguire believes that Kretinsky would be better off staying as a minority shareholder as that has been his “traditional” approach to investing.
“Daniel Kretinsky is a savvy investor and he will always put his money where he considers there to be value,” Maguire told Football Insider.
“His traditional approach is that of a minority shareholder and there’s a case for saying that he should stick to it as that is how he made his fortune.
“Running a football club is a license for losing money.
“Does he want to do that on a long-term basis as a majority shareholder in an industry that is notoriously unprofitable?
“It is reliant upon on getting it right nine times out of 10 in the transfer window, which is difficult if not impossible.
“So my gut reaction is for him to stay as a minority shareholder with a view to perhaps selling out in due course to someone who wants full control of the club.“