Billionaire Czech Daniel Kretinsky has finalised his acquisition of 27% in Premier League high flyers West Ham United.
Kretinsky will join the West Ham board together with partner Pavel Horsky as a feature of the understanding.
They join joint chair persons David Sullivan and David Gold together with Karren Brady.
“I am very pleased to welcome Daniel Kretinsky, Pavel Horsky and 1890s holdings a.s to West Ham…We are always looking to continue to progress and Daniel’s involvement brings investment which strengthens the club’s position and in turn will assist in the development of the club’s key area of focus…Daniel’s strong business acumen and football experience will be of huge benefit to the club.”
West Ham, who are at present third in the Premier League, are through to the knockout phases of this year’s Europa League and the EFL Cup quarter-finals.
Kretinsky, who also boasts ownership of Czech side Sparta Prague, said:
“(he is)delighted (to be a part of a) very exciting future ahead”
Not A Complete Takeover But Nonetheless A Significant Stake
The move, whilst not a controlling interest, does reportedly allow a say in decisions made by the club, which will need his approval to proceed.
West Ham fans hope that the capital injection will enable the club to further strengthen by bringing in even more talent into the outperforming squad.