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West Ham confirm Czech billionaire has purchased £700m stake in club

West Ham United have confirmed that Czech investment group 1890s holdings a.s has acquired 27 per cent of shares in the club. Chairman Daniel Kretinsky and his colleague Pavel Horsky will subsequently become members of the WH Holding Ltd. Board of Directors.

After his significant investment in the Club, Kretinsky has released a statement aimed at West Ham supporters.

It read: “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.

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She said: “On behalf of the Board, I am very pleased to welcome Daniel Kretinsky, Pavel Horsky and 1890s holdings a.s to West Ham United.

“We are always looking to continue to progress, and Daniel’s involvement brings investment which strengthens the club’s position, and in turn will assist in the development of the club’s key areas of focus.

“David Sullivan and David Gold have always been very open about finding the right investors to join them on the journey as custodians of West Ham United, and Daniel’s strong business acumen and football experience will be of huge benefit to the club. We very much look forward to working with him and Pavel.”

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