“Has jumped” | West Ham owner reaches huge financial milestone

West Ham owner’s massive jump in net worth means very little to the club.

Not so long ago, if a club’s owners net worth was rapidly increasing, that could only be good news. It would mean they have more money to spend, allowing them to recruit how they like.

However, those days are long gone thanks to the introduction of PSR and the Premier League’s crackdown on breaches of financial regulations.

Daniel Kretinsky’s initial investment into the club has undoubtedly had a huge impact, but the quiet shareholder has enjoyed massive success from the shadows. Over the past year, his net worth has reportedly jumped a staggering £6 billion, making him the richest man in the Czech Republic with £13 billion to his name.

He owns the largest energy supplier in his home country, as well as shares in businesses such as Royal Mail and Sainsbury’s.

Although that money doesn’t directly benefit our Irons, you’d hope that having more cash to play with would encourage the board to push the upper limits of PSR. Whether or not  that will be possible though with the Czech’s limited involvement and minority share is unknown. Not to mention the fact that they’ve already been spending huge sums.