Daniel Kretinsky has made a decisive move in the battle for control of West Ham United, setting up a major ownership showdown that could block Amanda Staveley's planned investment in the club, The Times reports.
Staveley's consortium recently agreed a £150 million deal to buy the 25.1% stake owned by the family of the late David Gold.
However, under West Ham's shareholder agreement, the current shareholders have the right to match that offer before any outside buyer can complete a purchase.
Kretinsky has now moved to strengthen his position.
The Czech billionaire, who is also the club's co-chair, has reduced his own shareholding from 27% to below 25% by agreeing to sell more than two per cent to Czech entrepreneur Jakub Havrlant.
#Gold #however
Staveley's consortium recently agreed a £150 million deal to buy the 25.1% stake owned by the family of the late David Gold.
However, under West Ham's shareholder agreement, the current shareholders have the right to match that offer before any outside buyer can complete a purchase.
Kretinsky has now moved to strengthen his position.
The Czech billionaire, who is also the club's co-chair, has reduced his own shareholding from 27% to below 25% by agreeing to sell more than two per cent to Czech entrepreneur Jakub Havrlant.
#Gold #however
14 hours ago
