CZECH billionaire Daniel Kretinsky has completed a £150million deal to buy a stake in West Ham.
Kretinsky, 46, has secured a 27 per cent share of the Hammers as part of a first investment in the club which could lead to a potential takeover bid in the future.
The businessman, who also has stakes in Sainsbury's and Royal Mail, will take a seat on the board of the London club who are now targeting a genuine effort to be regarded as one of the Premier League biggest clubs.
The deal puts an overall value on West Ham close to £700m, and is the latest good news for supporters with the team currently sat third in the top flight.
Kretinsky will be joined on the board by his business partner Pavel Horsky.
On the deal, Kretinsky said: “I am delighted this detailed process has now been successfully concluded. I am passionate about football.
“I greatly appreciate and respect the exceptional history and tradition of West Ham as well as its loyal and passionate supporter base and also the highly inspiring role it plays in many social programmes and initiatives.
“The development and growth of the club in recent years has been clear for everyone to see and I am delighted to be part of what I believe is a very exciting future ahead.
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“Having been to the London Stadium recently to watch David Moyes’ team, I know it is an incredible time to become part of the West Ham family.
“I feel privileged to now have the opportunity to help everyone here build on the proud traditions of this great club.”
Vice-chairman Karren Brady said: “On behalf of the board I am very pleased to welcome Daniel Kretinsky, Pavel Horsky and 1890s holdings a.s. to West Ham.
"We are always looking to continue to progress and Daniel’s involvement brings investment which strengthens the club’s position, and in turn will assist in the development of the club’s key areas of focus.
“David Sullivan and David Gold have always been very open about finding the right investors to join them on the journey as custodians of West Ham.
"And Daniel’s strong business acumen and football experience will be of huge benefit to the club.
"We very much look forward to working with him and Pavel.”
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