Businessman Daniel Kretinsky Is in Talks to Buy 27% Stake At Top Premier League Club ▷ Nigeria news

• Daniel Kretinsky is closing in on fully acquiring English Premier League club West Ham United according to several sources
• The Czech Republic businessman who owns large stakes in Royal Mail and Sainsbury’s is interested in investing in a football club
• A possible takeover could mean that the reign of David Sullivan and David Gold’s could be over in about a decade

Reports have it that top businessman Daniel Kretinsky is already in advanced talks with Premier League club West Ham United over a deal which would value the club at over £600m, Daily Mail reports.

The Czech billionaire who owns large stakes in Royal Mail and Sainsbury’s has now formally negotiated a possible move to acquire West Ham.

David Sullivan and David Gold’s era of control could be over anytime soon if the deal pulls through as Kretinsky is desperately interested in purchasing a shareholding, said to be at 27 per cent.

It will now take the club’s value to above £600million, as sources say that negotiations have been ongoing for months and they are gradually reaching a logical conclusion.

The transaction is said to include an option which will allow Kretinski take control of the club in the near future according to Football.London.

Such idea will see the businessman take charge of the club from Sullivan and Gold, who currently own around 86 per cent of West Ham between themselves.

The two British businessmen have been open to selling a stake in the club for a significant period of time and have been approached by a number of interested parties over the past two years – though a number have been put off by the £700million valuation.

Football finance expert predicts when Newcastle will win Premier League

Read also

Zinedine Zidane, Antonio Conte among 4 managers who could replace under-fire Man United boss

Meanwhile, following a blockbuster takeover by Saudi-backed consortium, Newcastle United can win the Premier League within ten years according to a football finance expert.

Since Mike Ashley sold the club for £305million last week, an overhaul is already expected at St. James’ Park after new director Amanda Staveley claimed the club’s long-term target is to win the Premier League title.

Such goal could be realised within 10 years says football expert Dr. Tom Bason, in a chat with Sky Sports when asked about the future of the club.

Zidane reacts to Newcastle United managerial advances

Legit.ng earlier reported that former Real Madrid manager Zinedine Zidane has reportedly turned down offers linking him with the managerial position at Newcastle United.

The Premier League club which was acquired by Saudi-backed consortium last week are currently on the look for a manager to replace Steve Bruce.

Zidane has made up his mind not to take up the job at St James’ Park as he is hoping to replace Didier Deschamps as manager of Les Bleus.

Source: Legit.ng