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Sydney_Iron 5:55 Sat Apr 13
West Ham takeover rumours resurface - possible Czech bid

Cant see it anywhere else on WHO.

Personally im sceptical that this will come to pass, BUT.........

According to Claretandhugh, we may well be in consideration again by the Qatari Royal Family who want to add an English club to the stable, they currently run and fund PSG, so would be under a different structure so as not to breech FIFA rules.


https://www.claretandhugh.info/west-ham-takeover-rumours-resurface/

A report in the Daily Telegraph that the Qatari Royal family are looking at the possibility of buying an English club has increased speculation that West Ham could be a target.

chedylan 2 6:41 Sat Oct 30
Re: West Ham takeover rumours resurface - possible Czech bid

SUM A DING WONG wrote...

Re: West Ham takeover rumours resurface - possible Czech bid


Apparently, Kretinsky wants to name the stadium 'Upton Prague - the Bohemian Ground'.


BRILLIANT

angryprumphs 2:51 Sat Oct 30
Re: West Ham takeover rumours resurface - possible Czech bid

MaryMillingtonsGhost 2:49 Sat Oct 30

Watched that yesterday, excellent interview, really interesting.

MaryMillingtonsGhost 2:49 Sat Oct 30
Re: West Ham takeover rumours resurface - possible Czech bid

https://www.youtube.com/watch?v=MkzcjZU9eWg

JayeMPee 11:44 Sat Oct 30
Re: West Ham takeover rumours resurface - possible Czech bid

Great news, just hope it happens - and quickly!

SUM A DING WONG 11:14 Sat Oct 30
Re: West Ham takeover rumours resurface - possible Czech bid

Apparently, Kretinsky wants to name the stadium 'Upton Prague - the Bohemian Ground'.

I'm in!!

Johnson 10:48 Sat Oct 30
Re: West Ham takeover rumours resurface - possible Czech bid

Alfs - without going all Gavros the Havering planning portal does have planning for a proper building alongside all the temporary stuff so it’s a start.

Johnson 10:47 Sat Oct 30
Re: West Ham takeover rumours resurface - possible Czech bid

Now we’ve moved to the OS why not go that way, AOI, might as well get some benefit from what GSB did.

There’s no going back from that now so let’s become the next Man City.

Would we really notice the difference off the pitch anyway, other than being successful on it?

You can back who you like pal, however you have as much of an idea of this Czech bloke’s philosophy as I do so just because he’s not an Arab doesn’t mean he won’t behave like one.

Mike Oxsaw 9:45 Sat Oct 30
Re: West Ham takeover rumours resurface - possible Czech bid

Admiral Lard 11:02 Fri Oct 29

That piece suggests that this deal is more to do with stabilizing the business side of the club rather than pumping any more money into the squad.

I get the distinct impression that the board have virtually been living "hand-to-mouth" for much of their tenure (repeated payday loans etc.) and now probably feel that is not the best way forward.

If this deal goes through, I can't see it making any difference to who we can buy (in January), but it may give those players we do approach a better sense of confidence in the club and influence their join/pass selection.

alfs barnet 9:39 Sat Oct 30
Re: West Ham takeover rumours resurface - possible Czech bid

Not with his stake being less than 30%

Lovejoy 6:14 Sat Oct 30
Re: West Ham takeover rumours resurface - possible Czech bid

Will there be a problem with him owning another European club?

Any Old Iron 2:11 Sat Oct 30
Re: West Ham takeover rumours resurface - possible Czech bid

Johnson 6:14 Fri Oct 29

Well if you want success at any price then I'm not sure Mr Kretinsky is the man for you. He may be wealthy but he's not in the same league as the Arabs at City and now the Toon.

From what I've read this guy looks a pretty good match for WHU and so I'm happy to back him. That all right with you chief?

alfs barnet 1:06 Sat Oct 30
Re: West Ham takeover rumours resurface - possible Czech bid

Johnson wrote...

They added some shipping container portakabin type things for the women's team yeah.

Think that is it though.


Nah, that wasn't it. It was the application for new training facilities I was thinking of.

https://www.romfordrecorder.co.uk/news/west-ham-submits-plans-training-building-rush-green-8269356

VirginiaHam 11:27 Fri Oct 29
Re: West Ham takeover rumours resurface - possible Czech bid

swindon hammer 10:39 Fri Oct 29

Having disliked the second appointment of Moyes, I've concluded I was wrong and self flagelated for quite a few weeks.

Moving forward, whomever owns the club, don't fuck with what we currently have. It all seems to be working, and even the US Passport bloke (usually the most miserable people ever) asked if I was forever blowing bubbles (wearing a WHU mask) on Monday night when the lad and I go back after the Spurs game.

If it ain't broke.......

LeroysBoots 11:25 Fri Oct 29
Re: West Ham takeover rumours resurface - possible Czech bid

Hope to fuck we do 3 things

1. Develop a decent training ground
2. Get a decent global sponsor
3 bring Adidas in

Jaan Kenbrovin 11:10 Fri Oct 29
Re: West Ham takeover rumours resurface - possible Czech bid

Johnson 3:32 Fri Oct 29

I don't think it's going to be long before G&S pass on control of the club one way or another now. I doubt they can even believe where we are at the moment, same as everyone else.

Certainly seems the ideal proposition and timing with this bloke, to get him on board ready for when the windfall tax expires.

Admiral Lard 11:02 Fri Oct 29
Re: West Ham takeover rumours resurface - possible Czech bid

This was this morning's Times take on prospective turnover: It extensive and you sort of feel there must be a fair bit in it.

West Ham United in advanced talks to sell initial £150 million stake to Czech billionaire Daniel Kretinsky

Martyn Ziegler, Gary Jacob

Friday October 29 2021, 12.01am, The Times

West Ham United Football Club
West Ham’s form on the pitch under David Moyes has undoubtedly made them a more attractive investment


West Ham United’s owners are in talks to sell a 27 per cent stake in the club to the Czech billionaire Daniel Kretinsky with the option of a full takeover in the future that could lead to David Sullivan and David Gold sharing profits of more than £300 million.

If the deal, worth in the region of £150 million, is completed — and talks are said to be at an advanced stage with an announcement expected in the middle of November — then the club would be valued at about £600 million. The equity to be sold includes new shares as well as existing ones.

Kretinsky — nicknamed the “Czech Sphinx” due to his inscrutable style — initially made his fortune in the energy sector but has recently taken large stakes in Sainsbury’s and the Royal Mail. His fortune is valued at £2.9 billion according to the business magazine Forbes and he is also the chairman and majority shareholder of the Czech side Sparta Prague, which could cause issues if West Ham were to draw the club in a Uefa competition.

West Ham’s owners, Sullivan and Gold, are expected to retain a majority stake until March 2023, when they would no longer be liable to pay any share of the profits from the sale of the club to the London Legacy Development Corporation (LLDC), which owns the London Stadium.

Under an agreement signed with the LLDC in 2013 the West Ham owners would have to pay a windfall tax to the Greater London Authority if they sold the club in the next ten years. The agreement involved a sliding scale but would have made them liable to pay 20 per cent of any sale over £300 million. The clause was inserted by the LLDC as part of the deal that allowed West Ham a 99-year lease on the London Stadium for only £2.5 million a year, given that the deal would immediately increase the club’s value. Sullivan and Gold bought 86 per cent of West Ham for a total of £86 million so they stand to make a huge profit, though they have also loaned money to the club and taken on extra debt. If West Ham are sold to Kretinsky in 2023 for around £600 million then Gold and Sullivan stand to make a combined £300 million on their investments.

Sullivan and Gold rejected two offers from an American consortium in August and September for £350 million and then £400 million. The owners insisted the consortium had undervalued the club, who sit fourth in the Premier League table.

Any money received from an investor would help pay off the club’s accumulated debt, which increased due to the pandemic. Sullivan and Gold, who bought the club in 2010, had to inject £30 million to cover a loss of revenue in May 2020 and West Ham posted a £65 million loss for the year to May 2020 and had to agree a £120 million loan facility with MSD UK Holdings, an investment firm, for the next five years. In total, the club’s debt is thought to be around £150 million.

In the summer another group claimed they had bid £400 million for the club and had separately reached an agreement in principle with the London Stadium’s landlord to take full control of the ground should their takeover be successful. The east Londoners signed a 99-year lease in 2016 when they moved from Upton Park.

Kretinsky has been among the prospective buyers speaking to the club for several months and has attended a match at London Stadium. A deal could be announced next week before West Ham host Liverpool a week on Sunday — if it is, he is expected to attend.


West Ham’s on-field success — the club qualified for Uefa’s Europa League this season after finishing sixth in the Premier League — has undoubtedly boosted their appeal to investors, as has the off-pitch activity. This week West Ham were granted planning permission to increase the London Stadium’s capacity to 62,500 and the extra 2,500 seats would take the former Olympic Stadium above Arsenal’s Emirates Stadium and the Tottenham Hotspur Stadium, making it the biggest club ground in the capital. The long-term plan is to increase the capacity to as much as 67,000.

“Since the regular return of supporters this year, we have seen a terrific response with every Premier League fixture so far this season sold out, and we thank [fans] for their continued fantastic backing, including breaking attendance records as part of regular capacity crowds,” West Ham’s vice-chairman, Baroness Brady, said.

swindon hammer 10:39 Fri Oct 29
Re: West Ham takeover rumours resurface - possible Czech bid

We don’t know the full details of this yet and it might not even happen so I will take it as a punch of salt for the moment.

I do like the sound of this more than the PAI stuff that’s for sure.

What I will say though is if it does happen then using some of the investment to buy a new striker in January is absolutely crucial.

It could be the difference in us winning a trophy or not.

Peckham 10:23 Fri Oct 29
Re: West Ham takeover rumours resurface - possible Czech bid

This Czech fella is mustard. A proper ambitious well connected football interested polar opposite to how the circus gsb got rich.
With 10% with another great so far silent partner Tripp Smith who is an excellent American investor so well connected in America. 37% of shares to serious business men just waiting for Sullivan to let go of his massive vanity project.

Coyis

Crassus 8:30 Fri Oct 29
Re: West Ham takeover rumours resurface - possible Czech bid

Johnson

I get your general drift but the details of the proposed deal are as yet not public
As I cautioned upon the other thread, £170m buy in does not translate to £170m to spend in January
Who is getting what, the share structure, direction of the buy in funds and end game are nothing more than conjecture at this stage - we can dissect the detail once revealed
Whatever, this feels infinitely better than the last fuckwits on every level, and as I said at the time, this so called due diligence underway within the notional 'data room', who is to say that it is not another party conducting matters in a more corporate fashion with GSB having flushed out interest by virtue of the fuckwitted PR campaign?

Don Ravioli 7:51 Fri Oct 29
Re: West Ham takeover rumours resurface - possible Czech bid

Johnson 6:14
Spot on

easthammer 7:11 Fri Oct 29
Re: West Ham takeover rumours resurface - possible Czech bid

From what I have read Kretinsky net worth about 2-3 times that of Sullivan at 2.9 billion pounds. He seems on the face of it to be be a smart legal eagle who from an academic background has made his money in the energy business. All of which imo is an up grade on Sullivan.

Won't see any immediate benefit from him buying 27% but it will start to ball rolling for a 2023 takeover.

Even then I wouldn't expect to see vast sums flowing into the coffers.

Still at least he hasn't murdered anyone as far as we know

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