It is West Ham and the £7.5bn magnate as money man Daniel Kretinsky’s net worth doubles amid persistent full takeover reports.
There has been fervent speculation surrounding a West Ham takeover and the future of the London Stadium recently.
Czech billionaire Daniel Kretinsky has repeatedly been linked with an eventual full takeover of West Ham.
Speculation has abound in recent months about a potential West Ham takeover.
Kretinsky became West Ham’s second biggest stakeholder behind David Sullivan when he purchased 27 per cent of the club in November 2021.
And there has been speculation for some time that Sullivan and the Gold family might sell their stakes in the Hammers – particularly now the embarrassment clause in the club’s anchor tenancy deal with the LLDC has officially expired.
West Ham star Vladimir Coufal appeared to drop a big hint Kretinsky does plan to eventually take full ownership.
There was excitement this week when a report claimed Kretinsky could complete a full takeover AND buy the London Stadium.
But Hammers fans were left disappointed when a highly-placed West Ham board source swiftly denied that was a possibility anytime soon.
One thing is for sure, though, if that is Kretinsky’s eventual plan he certainly has the money for it.
Because it is a case of West Ham and the £7.5bn magnate as money man Kretinsky’s net worth doubles amid persistent full takeover reports.
The net worth of West Ham’s second biggest stakeholder was previously listed at between £3.5-4.5bn.
West Ham and the £7.5bn magnate as money man Daniel Kretinsky’s net worth doubles amid persistent full takeover reports
After a series of shrewd, big money investments away from West Ham since he joined the club, that net worth has now almost doubled.
According to the Forbes real-time tracker Kretinsky’s real-time net worth is $9.3bn (£7.54bn).
Nicknamed “the Czech Sphinx” in his homeland and described as ‘secretive’ – Kretinsky has stakes in a host of big businesses such as Royal Mail and Sainsbury’s. But the bulk of his wealth is built on his involvement in energy.
Earlier this month Kretinsky landed a £1bn 15-year mega deal to provide back-up energy supply to the National Grid in the UK.
Then reports emerged claiming Kretinsky was looking to spend big on two French deals for technology consultancy Atos and retailer Fnac Darty as part of his growing portfolio of investments.
As reported previously on Hammers News, Kretinsky is also set to seal another major French media deal worth as much as £787m.
Hammers News reported back in October last year that Kretinsky had launched a series of other big money French media moves after also buying a £37m castle near Paris.
One thing we all know is that, in any walk of life, money talks.
What is clear is that Kretinsky has the money to buy West Ham and the stadium – and rid it of its commitments to UK Athletics and subsequent cycle of debt.
Whether he wants to – and whether Sullivan is willing to sell – is another matter entirely.
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