Czech billionaire Daniel Kretinsky is in advanced talks to buy a 27 per cent stake in West Ham.
Hammers have been on the market for at least a year – with a valuation of around £700m.
In the summer, PAI Capital bid Biryev’s share, but failed to meet the club’s asking price.
But the talks are now at an advanced stage with Kretinsky – the co-owner and head of the Czech giant Sparta Prague.
The businessman, 46, has a number of other investments outside of football.
Known as “The Sphinx,” Kretinsky has created an impressive portfolio that includes 49 percent of shares in French newspaper Le Monde – as well as Foot Locker and Macy’s.
the athlete He reports that he has also invested heavily in Royal Mail, in which he owns a 15 per cent stake – as well as Sainsbury, where he owns 10 per cent.
A shrewd investor and lawyer by trade, Kretinsky is valued by Forbes About 3 billion pounds sterling.
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After buying an initial 27 percent of West Ham, his plan is believed to take a majority stake in the future.
Kretinsky’s arrival likely marked the beginning of the end of David Sullivan, David Gold and Karen Brady’s ownership of the club.
The trio have controlled the Hammers since 2010.
Talks have reportedly been going on for months.
The sticking point is believed to be a clause in the club’s London stadium agreement with the London Legacy Development Corporation.
Athletic add that if sold before March 2023, current West Ham owners must pay 20 per cent of any profit over £300m on the club to London taxpayers.
West Ham received good news yesterday, when they were given planning permission to expand the London Stadium by 2,500 seats, to 62,500 seats.
The ultimate plan is to eventually bring that number up to the full land capacity of 67,000.
After this positive move, David Moyes’ team managed to knock the defending champions Manchester City out of the League Cup on penalties after a stubborn performance in front of a full house.
After the match, Pep Guardiola hailed Hammers coach Moyes as “fantastic”.
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