In an exciting statement of intent, new West Ham majority owner Daniel Kretinsky has made a £90m revelation and a vow to Nuno Espirito Santo, the players and fans.
It is the news all West Ham fans have longed and waited for – Daniel Kretinsky will become the club’s majority owner having bought around 16 per cent of the Gold family’s 25 per cent share.
The move increases Kretinsky’s stake to 43 per cent, nearly five per cent more than David Sullivan, who resigned from the board last week.
In a major exclusive yesterday, Hammers News revealed Sullivan is undecided about whether to sell his 38.8 per cent stake in West Ham.
Kretinsky makes £90m pledge as he becomes new West Ham chief
In the same story, Hammers News reported that Kretinsky could instead look to buy shares from the Gold family in order to become majority owner as soon as possible amid mounting uncertainty at the London Stadium.
Earlier this week a prominent journalist claimed Kretinsky has jaw-dropping plans for West Ham but called on the secretive ‘Czech Sphinx’ to communicate them to supporters.
Just how important is it that Paco Jemez RETURNS to West Ham?
The Spaniard is certainly open to the idea… 🫡
Well now Kretinsky has done just that.
In a statement which will be music to the ears of West Ham fans everywhere, Kretinsky has made a £90m West Ham pledge and vow to Nuno Espirito Santo, the players and fans.
The energy tycoon paid £150m for 27 per cent of West Ham back in November 2021. That valued each West Ham share at around £5.6m.
His purchase of an additional 16 per cent from the Gold family means £90m will be injected into the club – the exact amount needed to plug the financial black hole in the accounts by the end of June.
Not only does that balance the books for the Hammers, it means any funds now raised from player sales will go towards sorting out the mess left behind by Karren Brady and to Nuno’s transfer kitty.
Kretinsky makes bold vow to Nuno, West Ham’s players and fans
But in a further revelation, Kretinsky has claimed he and the rest of the board want to keep as many of the club’s top players as possible despite relegation.
The new Hammers chief has also pledged to back Nuno to ensure West Ham make an instant return to the Premier League – which is the least the club’s loyal fans deserve according to the new-look board.
What would you say if Sullivan put West Ham up for sale TODAY?
Let us know in the comments…
“Our goal is to stabilise West Ham United, retain as many of our key players as possible and, under the management of Nuno Espírito Santo, secure an immediate return to the Premier League,” Kretinsky and the board said in an official statement.
“We are also committed to engaging with our fans and all business partners to build a stronger future for our Club. We have already taken concrete steps towards this goal.
“As such, we have reached agreement on the key terms of a share purchase transaction between the Gold family and 1890 Holdings, which, subject to other Shareholders’ pre-emption rights and necessary approvals, would make 1890 Holdings (part of the broader group EP) the largest Shareholder in West Ham with an approximately 43% stake. As the largest Shareholder, group EP will be able to provide the additional financing the Club needs…
“Alongside Daniel Křetínský and Vanessa Gold, the other Shareholders, namely Tripp Smith, Daniel Harris and Terry Brown, are fully aligned on this strategy and stabilising the Club.
“We are taking these steps because West Ham United needs to be truly united at this moment in its history. We believe that a strong coalition – of fans, players, management and the Board – is essential to securing the bright future this Club deserves. We are absolutely committed to playing our part.”
This is a real landmark moment for West Ham United.
But it remains to be seen what will happen with Sullivan’s shares.
Receive a digest of our best West Ham content each week direct to your mailbox
