Czech billionaire investor Daniel Kretinsky’s 1890s Holdings group has acquired a 27% stake in English Premier League soccer club West Ham United, a spokesman for the group said on Wednesday.
Kretinsky, who owns Czech top-flight club Sparta Prague, and his colleague Pavel Horsky have been appointed to the board of directors at West Ham.
“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,” West Ham said in a statement.
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
Kretinsky added: “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.”
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