Billionaire Daniel Kretinsky buys a 27% stake in the Hammers in latest international Premier League deal
West Ham United's Pablo Fornals celebrates scoring against Liverpool at the London Stadium in London, Britain, on November 7 2021. Picture: REUTERS/TONY OBRIEN
Kretinsky is paying £150m for the shareholding, according to two sources familiar with the situation, valuing the London club at about $744m. The sellers are joint chairmen David Sullivan and David Gold plus another investor, though they will remain shareholders, according to the club’s website. Kretinsky, who is also a minority shareholder in British supermarket chain J Sainsbury, is buying into the club after an unexpectedly strong start to the season. The team stand third in the table after defeating high-flying Liverpool at the weekend, and have hopes of qualification for next season’s elite Champions League.
The Premier League is by far the richest soccer competition in Europe, hence the appeal for so many foreign investors. Champions Manchester City are owned by the Abu Dhabi royal family, while Liverpool is controlled by Fenway Sports Group Holdings, which also owns the Boston Red Sox baseball team.
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