David Moyes in the dark over Czech billionaire Daniel Kretinsky’s investment reports, as Simon Jordan tells West Ham owners David Gold and David Sullivan to take the money and “run like bandits”
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David Moyes said he had no further information on reports that West Ham was close to securing another billionaire investment, but added: “Looks like something is going on.”
Czech businessman Daniel Kretinsky, estimated at around £ 3 billion, is said to be in “advanced talks” with West Ham over the purchase of a minority stake in the club.
It is claimed that current owners David Gold and David Sullivan are in talks to sell a 27% stake in the club to Kretinsky – who also owns stakes in Royal Mail and Sainsbury’s and is chairman and majority shareholder of Czech club Sparta Prague.
The deal is expected to be worth £ 150million and will include the option of a full takeover going forward.
The Hammers have yet to officially comment on the potential deal, which would surely boost Moyes’ transfer kit if it goes through.
Asked about the talks at his pre-game press conference, Moyes said he was in the dark, but admitted he sensed something was on the horizon.
“[I’ve heard] exactly the same rumors you’ve heard, ”said the Hammers boss ahead of Sunday’s Premier League clash with Aston Villa.
“I don’t know more than you know, but it looks like something is going on, yes.”
If the deal goes through, it will likely mark the start of the end of Gold and Sullivan’s reign as head of the east London club.
With the initial 27% estimated at £ 150million, that means a full takeover of the club would be valued at around £ 600million.
It would represent a huge profit for the duo, who have teamed up to buy 86% of West Ham for a total of £ 86million.
If West Ham is sold to Kretinsky in 2023, as would have been expected, for around £ 600million, Gold and Sullivan are expected to make £ 300million on their investments, after loaning the club money and taking out a additional debt.
And talkSPORT’s Simon Jordan advised Gold and Sullivan to take the money and run away!
Speaking to Jim White, Jordan said, “27% take away the dominant influence of the company from Gold and Sullivan. If they have the bulk of the shareholding, anything over 75% allows you to do whatever you want, but with 73% the structure is different.
“If I had listened to what they had listened to, I would run like a bandit… they are never going to change the point of view of the people, it will always be the team that will be supported but David Gold and David Sullivan can make one as with regard to the fans.
“If their motivation was to own a football club that would pay them back and give them a big tour de force while being a club they claim to support, then they are in this territory.
“But I think if West Ham keep moving forward and keep building – building the stadium up to 62,500, forming a football club, then a £ 600million valuation could be lower than the clubs football can attract. “
The move was supported by talkSPORT’s Gabby Agbonlahor, who believes West Ham is in an ideal position to attract investment from Kretinsky’s financial might.
Agbonlahor called East Londoners the second biggest club in the capital, bigger than Arsenal and Tottenham.
He told talkSPORT: “If I were a billionaire I would think the club is in a perfect place. A great team, a great manager at the moment.
“They look like a team that will continue to enter European places. They’re looking for a really good outfit, West Ham.
“Apart from Chelsea, they’re the biggest club in London. They’ve passed Arsenal, they’ve passed Spurs – and Brentford and Watford!
“But now they have to hold on to Declan Rice, hold onto Michail Antonio, hold onto Aaron Creswell, hold onto these players and add more to their squad.
“Why can’t they start looking at the top four?” “
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