West Ham could be boosted by new investment in the near future and the ever-reliable ExWHUemployee has delivered a fresh update on the emerging situation…
The Athletic revealed earlier this week that Czech Republic businessman Daniel Kretinsky is considering the purchase of a minority stake in the east London outfit. It’s thought that he is expected to buy a 27% share in the club and could increase that in the future.
Hammers insider Ex revealed that this was certainly the case to his ‘The West Ham Way’ Patreon website.
“As most of you will remember we exclusively broke the news that a Czech investor was looking to buy a stake in the club on the podcast,” he said.
“This stake purchase looks to be gaining some momentum elsewhere in the media now having not been given much coverage when we first spoke of it.
“This led us to believe that further talks must have happened recently and a couple of decent sources have since confirmed this after checking today.
“We have also been told by the club that the reports are true and that the deal is being spoken about, but isn’t as close as being suggested and that a full takeover has not been discussed, although it could be if an initial stake takeover is agreed.
“Talks will continue over the next few days.”
This recent development is sure to leave many around the London Stadium absolutely buzzing as The Athletic also suggest that it could be the ‘beginning of the end of West Ham’s so-called “GSB” era.’
It is another step in the right direction for a club which is clearly on the up, having qualified for the Europa League last season and with Forbes ranking them as the 18th most valuable club in the world and the Premier League’s eighth most valuable at £370m.
Furthermore, they have also been given authority to increase their capacity, taking them past local rivals such as Spurs and Arsenal. If the Hammers continue to grow at this rate, they’ll have no trouble selling out 62,500 seats each and every week.
Much of the Irons’ fanbase has been against GSB for quite some time, with demonstrations against their leadership a frequent occurrence over the past two to three years.
Providing the club with some further investment will only aid their growth tenfold, especially given Kretinsky’s history. He has a 40% stake in Czech Republic’s biggest club Sparta Prague.
Elsewhere, the 46-year-old has investments in some big UK firms, including Sainsbury’s and the Royal Mail, so he’s certainly not foreign to the country – something which could be a worry with some other interested parties.
This seems to be the start of GSB moving on, with their London Stadium tax clause expiring in March 2023, so it’s definitely an exciting time to be a Hammers fan right now.
Many in east London will surely be delighted with this update from one of the most reliable sources in and around the club.