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Czech businessman takes 27% of West Ham

Czech businessman takes 27% of West Ham

Czech businessman Daniel Kretisnky, owner of Sparta Prague, has taken over 27% of West Ham United.

This purchase by part of the English club’s shareholding is understood as an approach by the businessman to end up taking over the majority stake in West Ham and ending the stage of David Gold and David Sullivan at the helm of the team.

For now, Kretisnky and his partner Pavel Horsky will occupy a seat on the board of the London team.

Kretinsky, in addition to being the owner of Sparte in Prague, has different investments in the United Kingdom, being the largest shareholder in the Royal Mail postal company, and second in the Sainsbury supermarket chain.

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As explained by West Ham, this agreement represents an improvement in the capital structure of the club that will allow “to reduce the long-term debt” and will help to inject money into key areas of the team to continue the progress made in recent years.

In recent years there have been protests against the owners of West Ham, culminating in the 2017/2018 season, when, with the team on the verge of relegation, there was a field invasion at the Olympic Stadium in London that forced the captain Mark Noble to send a fan off the pitch.

Among the decisions that have been made at the ‘Hammer’ club in recent years, stands out the move from the old Boleyn Ground to the London Olympic. However, peace now reigns in West Ham thanks to the good sporting moment that the team has with David Moyes at the helm. They are third in the Premier League, they play European competition and are in the quarterfinals of the League Cup. EFE (HN)

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