Sources: Significant West Ham takeover update as new Daniel Kretinsky details emerge
Daniel Kretinsky is concentrating his firepower on other business interests and has no immediate plans to increase his stake in West Ham, sources have told Football Insider.
The Czech billionaire bought 27 per cent of the club for approximately £180million in October last year and has an option in place for a full takeover at the same rate.
It has been suggested that Kretinsky could move to acquire more shares in April 2023 following the expiry of a windfall tax clause agreed as part of the Hammers’ move to the London Stadium in 2016.
David Gold and David Sullivan are legally obliged to pay a sizable financial penalty if they sell the club for more than £300m before that date.
It has been reported that Sullivan currently has no desire to sell even after the April cut-off, while Gold is keen to retain at least a substantial stake.
A source in local government has now told Football Insider that it is believed Kretsinsky himself also has neither the inclination nor the strategic footing to purchase more shares at this stage.
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The 47-year-old, an astute businessman with a track record of pulling the trigger at the right time when it comes to his investment opportunities, was recently given the green light to increase his stake in Royal Mail.
He currently owns 22 per cent of the postal institution’s parent company International Distribution Services through his investment vehicle Vesa Equity.
The UK government has approved Vesa Equity’s plan to increase its stake beyond 25 per cent, effectively clearing the way for what many analysts suggest will be a full takeover in due course.
Royal Mail is currently losing close to £1m per day and is gripped by strike action.
Kretinsky has profited massively from the energy market in recent times but an acquisition of this magnitude and complexity is likely to be a significant strain on his time and resources.
In other news, medical Insider suggests Nayef Aguerd “question marks” as West Ham injury may “evolve”.