West Ham: Czech billionaire Daniel Kretinsky buys 27% stake in Premier League club

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Czech investment group 1890s holdings.a.s purchased a 27% stake at West Ham

Czech billionaire Daniel Kretinsky completed the purchase of West Ham United's 27% stake.

As part of the agreement, Kretinsky, a lawyer and businessman will join the West Ham board along with Pavel Horsky.

They will be joined by joint-chairmen David Sullivan, David Gold, and vice-chair Karren Bray.

Brady stated, "I am very happy to welcome Daniel Kretinsky and Pavel Horsky as well as 1890s holdings. A.s. to West Ham."

"We are always looking for ways to improve and Daniel's investment will strengthen the club's position, which in turn will help in the development and growth of the club’s key focus area.

"Daniel's business acumen as well as football experience will be a huge asset to the club."

West Ham, currently in third place in the Premier League, have advanced to the knockout stages this season's Europa League as well as the EFL Cup quarterfinals.

Kretinsky also owns the Czech top-flight side Sparta Prague and said he was delighted to be part of West Ham's "very exciting future."