West Ham United Announces Deal for Minority Ownership in Czech Billionaire

Czech billionaire Daniel Kretinsky has struck a deal to buy a minority stake in West Ham United, the club announced on Wednesday.

Both the men’s and women’s teams have started the season on a positive note. The men’s side are third in the Premier League after manager David Moyes’ side won a 3-2 home win over Liverpool on Sunday, leaving them just three points behind leader Chelsea.

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Meanwhile, the women’s team is in sixth place with two wins after six games as they try to build on their ninth place finish last season.

The deal comes amid public protests by West Ham fans in recent years over majority shareholders David Sullivan and David Gold after a move to London Stadium in 2016.

The club said in a statement: “West Ham United are pleased to announce that Czech investment group 1890s Holdings has completed the acquisition of 27% shares of WH Holding Ltd.

“The investment of Mr. Kretinsky, a successful global investor, businessman and attorney, follows careful negotiations with shareholders, including the joint presidents of West Ham United, David Sullivan and David Gold.”

The men’s fortunes have grown enormously since the arrival of a strong Czech contingent since 2020, including midfielders Tomas Soucek and Alex Kral, and right-back Vladimir Coufal.

Kretinsky, owner of Czech top club Sparta Prague, and his colleague Pavel Horsky have been appointed to West Ham’s board of directors.

“I am delighted that this detailed process has now been successfully completed,” said Daniel Kretinsky.

“I am passionate about football. I appreciate and respect the exceptional history and tradition of West Ham United, as well as its loyal and passionate supporter base and also the very inspiring role it plays in many social programs and initiatives.”

“The development and growth of the club over the past few years is clear for all to see and I am delighted to be part of what I believe to be a very exciting future.

“I recently went to London Stadium to see David Moyes’ team and I know it’s an incredible time to be part of the West Ham United family. I feel privileged to now have the opportunity to to help everyone here build on the proud traditions of this great club.”

Information from Reuters contributed to this report.

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