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Kretinsky to remain minority shareholder

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Kretinsky to remain minority shareholder

West Ham shareholder Daniel Kretinsky looks set to remain a West Ham minority shareholder into the forseeable future.

Kretinsky also owns 40% of football club Sparta Prague where he is president and watched them crowned champions of the Czech League last month

Sparta Prague have qualified for Champions League third qualifying round next season while West Ham have qualified for Europa League group stages

And Six Foot Two – West Ham Magazine Site (6foot2.co.uk) points out that if Sparta fail to progress they could drop down to the Europa League play off stages and could potentially meet West Ham in the group stages if they progress.

And with UEFA rules say ‘No individual or legal entity may have control or influence over more than one club participating in a UEFA club competition, such control or influence being defined in this context as: holding a majority of the shareholders’ voting rights;

As Kretinsky holds 27% of the voting rights  for West Ham and 40% of the voting rights for Sparta Prague this is not currently an issue but it is a major obstacle in the way of the Czech Billionaire becoming majority shareholder of West Ham. He is likely to remain minority share holder of both teams for the foreseeable future.

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Hugh Southon is a lifelong Iron and the founding editor of ClaretandHugh. He is a national newspaper journalist of many years experience and was Bobby Moore's 'ghost' writer during the great man's lifetime. He describes ClaretandHugh as "the Hammers daily newspaper!"

Follow on Twitter @hughsouthon