West Ham United new owners: Premier League club announces new owners as Czech Republic-based investment group acquires shares: In a statement released by the West Ham United’s social media handles yesterday, the Premier League outfit confirmed that the Czech Republic-based investment group has completed the acquisition of 27% the club’s shares. Daniel Kretnsk, the chairman of 1890s holdings a.s, and his colleague Pavel Horsk will become members of West Ham’s board as a result of the acquisition.
We are pleased to announce that Czech investment group 1890s holdings a.s has completed the acquisition of 27% shares of WH Holding Ltd.
— West Ham United (@WestHam) November 10, 2021
The Club statement further stated that “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.”
West Ham Acquisition: the Czech Republic-based investment group 1890s holdings a.s has completed the acquisition of 27% of West Ham’s shares:
West Ham United new owners: Premier League club announces new owners as Czech Republic-based investment group acquires shares
Daniel Kretinsky who is also the co-owner of Czech football team Sparta Prague 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 programs 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.
“Having been to the London Stadium recently to watch David Moyes’ team, I know it is an incredible time to become part of the West Ham United family. I feel privileged to now have the opportunity to help everyone here build on the proud traditions of this great Club.”
Co-chairmen David Gold and David Sullivan have been in-charge of the London based club since 2010, the duo has faced severe backlashes from the fans on many instances but in recent years the club has made impressive strides under manager former Manchester United and Everton manager David Moyes, with the team currently in 3rd in the Premier League, after their unexpected victory against Liverpool.
The Hammers also qualified for Europa League last season, by finishing in 6th place.
West Ham United new owners: Premier League club announces new owners as Czech Republic based investment group acquires shares
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