West Ham set to sell £700m stake to Czech billionaire with view to full takeover

Newcastle legend Alan Shearer discusses the club takeover

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West Ham are understood to be in talks with Czech billionaire Daniel Kretinsky over the potential sale of a 27 per cent stake in the club. The 46-year-old, who also owns Sparta Prague, is now thought to be just days away from completing the deal which will be worth a reported £700million.

Kretinsky is the CEO of Central Europe’s largest energy group (Energeticky a prumyslovy holding) and also has significant stakes in Royal Mail and Sainsburys as the Hammers prepare to face the prospect of a potential change of ownership.

The financiers at the heart of negotiations are expecting the deal to include an option that involves taking full ownership of the club after an undisclosed period of time.

It’s believed the completion of the transaction could be made official as soon as next weekend when Liverpool visit the London Stadium.

According to Sky Sports, Kretinsky’s initial stake will be worth between £600m and £700m.

And if the Czech investor does then pursue the completion of a full takeover, he will then look to buy out David Gold and David Sullivan.

The pair have been at the helm since way back in 2010 following their exploits with Birmingham City.

Kretinsky first started his professional career as a lawyer before becoming an official partner for J&T in 2003.

Just a year later, he would begin his climb to control at Sparta Prague as chairman, where he now owns 40 per cent of the club as a shareholder.

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There is already a Czech connection in east London where Tomas Soucek, Vladimir Coufal and Alex Kral have been made to feel right at home.

Soucek and Coufal were snapped up from Sparta’s rivals Slavia and have become key components in David Moyes’ high-flying side.

The Irons have continued where they left off last season in the Premier League as well as winning all three Europa League group games and knocking holders Manchester City out of the Carabao Cup.

West Ham are the latest club to attract interest following the controversial completion of the £305million Newcastle takeover by the Saudi-backed consortium.

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