Reports: West Ham set for new investment from Czech billionaire

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  • Report emerges after PAI Capital saw takeover bid dismissed in September
  • Kretinsky also co-owns Sparta Prague 

Czech billionaire Daniel Kretinsky is in advanced talked to buy a 27 per cent share in Premier league club West Ham, according to UK media reports.

The initial deal could be completed as early as November, with Sky Sports reporting that Kretinsky’s deal includes a further option to buy the club.

Kretinsky, Forbes says is worth US$4 billion, is reportedly investing US$206.8 million for his stake, valuing West Ham between UK£600 million (US$827 million) and UK£700 million (US$965 million).

Kretinsky is also the co-owner and president of Sparta Prague, while in the UK he is the largest shareholder in Royal Mail, and the second largest in Sainsbury’s.

East-London club West Ham United has been co-owned by David Gold and David Sullivan since 2010, when they bought an 86 per cent majority share in the club for US$118.6 million.

Kretinsky is the second investor to approach the club this year. The PAI Capital private equity firm has been publicly courting the club and saw a second bid rejected in September.

PAI Capital’s managing partner Nasib Piriyev said in a statement at the time: “I am disappointed that we cannot conclude the deal as hoped, as we have some big ideas for the club.

“This is something we have been working on for over nine months, with a committed team behind the bid.

“West Ham is close to my heart and I hope that our interest has been healthy for the club – I believe that all competition is good for focusing minds and improving performance.

“Of course, we respect the owners’ wishes and simply put on the record that we are here if, and when, they decide the time is right for them to sell.

“Until then, I wish all the best to the club, and I thank the fans for their patience, understanding and support.”