What does it mean for GSB, the London Stadium and January transfers? – The Athletic



Czech billionaire Daniel Kretinsky has completed his purchase of a minority stake in West Ham United.

The Athletic revealed last month that the 46-year-old was expected to buy 27 per cent of the Premier League club and Kretinsky, through investment group 1890s holdings a.s, and his colleague Pavel Horsky have become members of the board of directors of WH Holding Ltd, the club’s parent company.

Kretinsky is already the president of Sparta Prague, the Czech Republic’s most successful football club.

The Athletic’s Matt Slater, who broke the original story, has answered West Ham fans’ questions about the development: what it means for the future of David Gold, David Sullivan and Karren Brady (GSB), how it could affect the club’s January transfer plans, how hands-on Kretinsky will be, and much, much more…

GOLD, SULLIVAN AND BRADY

Has he bought newly-issued shares or existing shares directly from the holders? — Tom F

Good question and my understanding (of what is a complicated deal) is that he has done both. These are mainly new shares, so we are talking about a dilution for the existing shareholders — David Sullivan, David Gold, American investor Albert “Tripp” Smith and the assorted small shareholders — but I believe it is not an even dilution.

I also believe that some existing shares have changed hands.





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