Daniel Kretinsky becomes West Ham's largest shareholder with 46% stake

Czech businessman Daniel Kretinsky acquires 46% stake in West Ham, becoming the club's largest shareholder.

TruthFoundry Desk

from the fact record

Stands on 7 placed sources from 2 publishers.

Daniel Kretinsky, the owner of Royal Mail, has struck a deal to acquire a 46% stake in West Ham United, making him the club's largest shareholder. ^[1] A pre-emption rights agreement at West Ham gave existing directors first refusal on significant share sales, triggering Kretinsky's agreement to buy shares from Sullivan before the deadline. ^[2] The deal involves Kretinsky acquiring shares from former chairman David Sullivan, whose stake will rise from 38.8% to 40%, and co-chair Vanessa Gold, who had previously agreed to sell her entire stake to Amanda Staveley. ^[3] Amanda Staveley had previously struck a deal with the Gold family to purchase their 25.1% stake in West Ham United. ^[4] The agreement with Kretinsky deals a significant blow to Amanda Staveley's hopes of buying a stake in the club. ^[5] West Ham's other shareholders exercised their pre-emption rights over the Gold family's stake before a 5:30 pm deadline on Thursday evening. ^[6] The IFR, an independent regulator, confirmed that its enquiries into the suitability of David Sullivan under its ODSE regime are active and ongoing. ^[7]

What this stands on

Daniel Kretinsky, the owner of Royal Mail, has struck a deal to acquire a 46% stake in West Ham United, making him the club's largest shareholder. · BBC Sport

A pre-emption rights agreement at West Ham gave existing directors first refusal on significant share sales, triggering Kretinsky's agreement to buy shares from Sullivan before the deadline. · BBC Sport

The deal involves Kretinsky acquiring shares from former chairman David Sullivan, whose stake will rise from 38.8% to 40%, and co-chair Vanessa Gold, who had previously agreed to sell her entire stake to Amanda Staveley. · BBC Sport

Amanda Staveley had previously struck a deal with the Gold family to purchase their 25.1% stake in West Ham United. ·

The Guardian

The agreement with Kretinsky deals a significant blow to Amanda Staveley's hopes of buying a stake in the club. ·

The Guardian

West Ham's other shareholders exercised their pre-emption rights over the Gold family's stake before a 5:30 pm deadline on Thursday evening. ·

The Guardian

The IFR, an independent regulator, confirmed that its enquiries into the suitability of David Sullivan under its ODSE regime are active and ongoing. · BBC Sport

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