Russ Budden
Following the UK Government’s clearance, West Ham Director and significant stakeholder Daniel Kretinsky plans to make additional investments.
According to The Telegraph, the Czech investor who purchased a 27% share in West Ham United a year ago and oversaw considerable change at the club’s board and director level is planning to boost his holdings in the Royal Mail.
The announcement that will permit additional investment indicates that a full takeover is now looking quite possible. Many people also believe the same might happen soon in East London. Kretinksky’s company Vesa Equity now owns 22% of the UK postal service. Many anticipate that when the lease on London Stadium expires in March, it will open the door for a full takeover
All those associated to West Ham will be relieved to hear that the “Czech Sphinx” intends to invest a sizable money in the Royal Mail, as any worries about potential financial losses resulting from the recent unrest throughout the world have been allayed.
It is well known that a crucial provision tying our current owners David Sullivan and David Gold to West Ham regarding a share in any sale of the club to the government in the agreement to become tenants at the London Stadium is set to expire this coming March, with many speculating that this will open the door for a full takeover shortly after.
Although this has not been confirmed and has been publicly refuted to date by a number of parties, the revelation that Kretinsky is moving to invest more in the Royal Mail demonstrates that our largest stakeholder is not standing still.
