Daniel Kretinsky has reportedly signed a deal that could open the door to a full takeover of West Ham as part of his purchase of a 27% stake in the club.
The Czech billionaire became West Ham’s second-largest shareholder last month and documents submitted to Companies House this week show an option is in place for him to acquire the shares owned by David Sullivan and David Gold for a set price.
The papers reveal that there was a put and call agreement between Sullivan, 1890 holdings a.s, the holding company used by Kretinsky to buy his shares, and EP Investment Sarl, Kretinsky’s investment company. It will give Sullivan, West Ham’s biggest shareholder, the right to sell his shares to Kretinsky at a set price. Kretinsky will have the option to buy Sullivan’s shares.
The ‘Put and Call’ agreement is mentioned several times in new articles of association lodged by the club’s parent company WH Holding Ltd on November 23.
It shows the terms of a takeover are already sealed, with 46-year-old Kretinsky having an unspecified time to complete the deal before it expires.
In reality the complete takeover is unlikely to take place any time before the end of March 2023, due to the terms of the leasing agreement the club struck when they moved to the London Stadium.