Czech Billionaire Kretinsky Becomes Largest Shareholder at West Ham
The Czech billionaire will hold a 46% stake, while David Sullivan’s share rises to 40% after a deal with West Ham’s remaining shareholders.
- On Friday, West Ham United confirmed that Czech billionaire Daniel Kretinsky has become the club's largest shareholder after increasing his stake to 46%, while former chairman David Sullivan's ownership rises to 40%.
- Triggered by a complex pre-emption rights agreement that gave existing directors first refusal on share sales, Co-chair Vanessa Gold sold her family's 25% stake, effectively ending Amanda Staveley's competing acquisition attempt agreed last month.
- Gold stated the agreement provides stability for management to focus on the football season, adding that Kretinsky will be "taking a more active role in the decision-making at the club" as West Ham seeks to return to the Premier League.
- A third major shareholder, Tripp Smith, will increase his ownership to 11%, with remaining shareholders holding 3%; meanwhile, Sullivan continues facing scrutiny regarding allegations made in a joint BBC Panorama and Times investigation.
- West Ham's ownership restructuring unfolds against the club's recent relegation from the Premier League after 13 consecutive seasons, with Sullivan's ongoing suitability remaining subject to active enquiries by an independent regulator.
22 Articles
22 Articles
Daniel Kretinsky reaches agreement to become largest shareholder of West Ham
Daniel Kretinsky has reached an agreement to become the largest shareholder of West Ham.The Czech businessman, who is the owner of Royal Mail, confirmed a deal has been reached with the Irons' shareholders for him to acquire shares up to a stake of 46 per cent.The agreement will see David Sullivan hold a 40 per cent stake and Tripp Smith 11 per cent.A consortium led by ex-Newcastle director Amanda Staveley agreed to buy the Gold family's 25 per …
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The Straits TimesCzech billionaire Kretinsky becomes largest shareholder at West Ham
Sept 4 : Czech billionaire Daniel Kretinsky has become West Ham United's largest shareholder after agreeing a deal to increase his stake, the Championship club said on Friday, effectively ending Amanda Staveley's attempt to buy into the former Premier League side.Vanessa Gold, daughter of former West Ham chai
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