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Business
Jun 13, 2026
Analyzed by GPT OSS 120B

Kretinsky Set to Become West Ham’s Largest Shareholder Amid Relegation Crisis

AI Summary
Czech billionaire **Daniel Kretinsky** will boost his stake in West Ham United to roughly **43%**, overtaking **David Sullivan** as the club’s biggest shareholder. The move comes as the relegated club battles a **£104.2m** loss and seeks fresh capital to fund a promotion push.

Kretinsky to Secure 43% Stake, Overtaking Sullivan

After agreeing to buy a portion of shares from **Vanessa Gold**, **Daniel Kretinsky** will raise his holding from **27%** to **43%**, making 1890 Holdings the largest shareholder of **West Ham United**. The deal, expected to be ratified in the coming weeks, follows **Sullivan** stepping down as director amid serious allegations.

Financial Stakes and Club Losses

  • Current stake increase: 27% → 43%
  • Previous investment: Kretinsky paid £150m for a stake in 2021
  • Club loss 2025‑26: £104.2m
  • Transfer sales target: > £100m this summer
  • Sullivan’s holding: **38.8%** (uncertain future)

Implications for West Ham’s Promotion Push and Governance

The ownership shift arrives as the club grapples with relegation to the Championship and a need to retain key players such as **Jarrod Bowen**, **Mateus Fernandes** and **Crysencio Summerville**. With no sporting director and the resignation of head of technical recruitment **Max Hahn**, Kretinsky’s increased capital is aimed at stabilising finances, supporting manager **Nuno Espírito Santo**, and meeting the Independent Football Regulator’s potential integrity requirements.

Future Outlook for Ownership and Club Stability

If the IFR decides Sullivan no longer meets the honesty and integrity standards, he could be forced to divest his **38.8%** stake, further consolidating Kretinsky’s control. The partnership with the Gold family, who have pledged joint voting on key matters, suggests a coordinated effort to secure an “immediate return to the Premier League” and rebuild fan confidence. The next few weeks will determine whether the promised financing materialises and if West Ham can navigate the financial and reputational challenges ahead.