Czech Investors Buy Stake In West Ham United
West Ham United has announced that Czech investment group 1890s holdings a.s has acquired a 27% stake of the club.
As part of the agreement, it is intended that 1890s holdings a.s Chairman Daniel Křetínský, who also owns top-flight Czech side Sparta Prague, and his colleague Pavel Horský will become members of the Board of Directors. They will sit with co-chairmen David Sullivan and David Gold and vice-chair Karren Brad who also has a place on the board.
The agreement is a further improvement to the club’s capital structure which will initially enable the reduction of its long-term debt and the ability to continue to direct funds generated into other key areas of focus, continuing the positive progress made at West Ham United in recent years.
Commenting on the investment, Daniel Křetínský said: “I am delighted this detailed process has now been successfully concluded. I am passionate about football. I greatly appreciate and respect the exceptional history and tradition of West Ham United as well as its loyal and passionate supporter base and also the highly inspiring role it plays in many social programmes and initiatives.
“The development and growth of the Club in recent years has been clear for everyone to see and I am delighted to be part of what I believe is a very exciting future ahead.”
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