Reports that Czech billionaire Daniel Kretinsky is days away from buying a minority stake in West Ham are untrue.
The 46-year-old, who is known as the “Czech Sphinx” is in talks with the club owner but he is one of several potential investors and nothing has been agreed as yet.
Claret and Hugh understand there are as many as six other separate investors all looking for a minority stake in West Ham.
The owners are not interested in selling their controlling interest but are looking for investors who can help them bear the financial burden as has always been the case.
They are thought to be prepared to sell between 20% and 30% of the total shares to the right investor.
Any money received from a new investor would be re-invested back into the club to help pay off debts and inject much-needed funds to plug the hole after the pandemic.
This story is just at the beginning but it appears that Kretinsky is just one of various suitors who could be joining the board of directors in the future.
A Hammers source confirmed to us this afternoon that a total of seven parties were interested in taking a financial investment in the club including Kretinsky.
PAI was a consortium of private investors. Is this not the same thing by a different name? Could a lot of different investors as directors on the board not mean there is a danger of the different board members all wanting different things and the club being pulled in different directions?
I quite like the possibility of Czech guy buying in, he already owns Sparta Prague so knows about football. He has large stakes in Royal Mail and Sainsburys so not a chance.
To my knowledge hasn’t authorised the murder of anyone or committed human rights abuses!
Not a PAI sell out , the funds will help the club pay debt and hopefully invest in a striker & LB as cover in January . I don’t see any negatives . What a win last night I’m optimistic for the future .Don’t know what you guys think at C&H, but I think this is the best manager and team since lyall. Keep it up Dm / lads , now let’s do Villa ! Great time to be. Hammers supporter , which I have been for 51 years when I saw my first game aged 5 . I love this team , the togetherness, fighting spirit , hard work etc … . Investment in the right way would be good ! COYI ⚒
Clive, it doesn’t mean they are willing to accept several investors, it means there are more than than one investor that the board may accept
Not really Clive, as PAI wanted majority share whilst the Davids are willing to sell a mimority share post. That means the Davids won’t give up control or power of the club (but obviously new shareholder will have influence).