A Czech-based billionaire who owns large stakes in Royal Mail and J Sainsbury is inside days of agreeing the acquisition of an enormous stake in West Ham United Soccer Membership that might result in a full takeover.
Sky Information has learnt that Daniel Kretinsky, who owns the Czech top-flight aspect Sparta Prague, is in superior talks to accumulate a 27% stake within the Premier League membership.
The transaction might be introduced as quickly as the primary weekend of November, when the Hammers play Liverpool in a top-of-the-table conflict at The London Stadium.
Financiers mentioned the deal was anticipated to incorporate an choice to take full management of West Ham after an unspecified interval.
Mr Kretinsky’s preliminary stake buy is more likely to worth the membership at between £600m and £700m, based on one individual briefed on the transaction.
If he proceeds to take full management of West Ham, it will finish the decade-long management of David Gold and David Sullivan, who acquired the membership in 2010.
If confirmed, it will be the newest in a collection of main offers involving Premier League golf equipment, following the controversial sale of Newcastle United to a Saudi-led consortium.
A minority stake in Wolverhampton Wanderers additionally modified palms in current weeks as golf equipment search to fortify their steadiness sheets within the aftermath of the pandemic.
Mr Kretinsky, who owns belongings within the power, media, industrial and retail sectors, has change into a big participant in company Britain, and now ranks as the most important shareholder in Royal Mail and the second-largest in Sainsbury’s.
A spokesman for Mr Kretinsky has been contacted for remark.