West Ham United shareholder David Sullivan, agrees to sell company shares to French billionaire Xavier Niel
West Ham shareholder Daniel Kretinksy has agreed to sell his shares in the Le Monde Group to French billionaire Xavier Niel.
The agreement completes the Czech businessman’s departure from the Paris-based company,
according to a report published in the French newspaper Le Monde on September 23rd.
Niel’s parent firm NJJ Presse has acquired Kretinksy’s shares, which he acquired in 2018.
The Financial Times reported on September 23 that the acquisition is valued at approximately £43.6 million.
Considering that Kretinksy made significant investments in the media sector in the years prior to selling Niel his share of Le Monde, this is a truly intriguing revelation about him.
In November 2021, the Czech acquired a 27% stake in West Ham, making him the club’s second-largest shareholder.
He also obtained an option to purchase the club altogether at a later dateHe will receive an additional £43.6 million as a result of this recent move
but if he wants to finally seize the chance to finish a full takeover, it won’t significantly increase his wealth.
After the team’s on-field success, calls for David Sullivan and the Gold family to sell their club shares have been made for a number of years,
although they have cooled off a little bit in recent times.You would expect that this would happen eventually,
but if Kretinsky doesn’t press for a deal straight now, it might not happen for some time to come—that is,
if things on the field keep going in the right direction.owner David Sullivan,
but it’s generally expected that the team will look for a new path, possibly ending the 61-year-old’s tenure in charge.
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