West Ham: Czech billionaire Daniel Kretinsky closes to purchasing a 27 percent stake in club

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Sky News has learned that Daniel Kretinsky (who owns Sparta Prague, a Czech top-flight team) is in advanced discussions to purchase a 27% stake in West Ham. This could lead to a potential full takeover.

A billionaire from Czech is close to agreeing to purchase a large stake in West Ham United, which could lead directly into a complete takeover.

Sky News has learned that Daniel Kretinsky is in advanced discussions to purchase a 27% stake in the Premier League club. He owns Sparta Prague, a Czech top-flight team.

The transaction could be announced by Sky Sports as soon as the Hammers face Liverpool at London Stadium on November 1.

Financiers stated that the deal would include an option to acquire West Ham’s full control after a period of time.

According to one person familiar with the transaction, Mr Kretinsky’s initial stake buy is expected to be worth between PS600m to PS700m.

It would be the latest deal in a string of major deals involving Premier League teams, following the controversial sale Newcastle United to a Saudi-led consortium.