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Kretinsky offers West Ham owners 'exit strategy'

Czech Republic billionaire Daniel Kretinsky is being tipped to takeover West Ham.

Kretinsky acquired a 27% stake in West Ham this week.

Former Crystal Palace owner Simon Jordan reflected on talkSPORT: “I would suspect this is a precursor to this guy [Kretinsky] owning the football club.

“And also that [David] Sullivan and [David] Gold have positioned themselves from this particular starting point as having someone in the building who may well be their exit strategy.

“It's very similar, Kroenke took a position at Arsenal and then built up, built up, built up and acquired the lot.

“West Ham are in decent nick, the valuation of 600 million quid is 20%, 30% more than what [Crystal] Palace sold 20% more of their business for.

“Palace sold 20% for 90 million quid valuing them at 450 million quid because some people would suggest that West Ham might be a far more valuable commodity than Crystal Palace.

“I'm not in that camp because they're both in London and they both have big catchment areas and big fan bases.

“Obviously West Ham are more livery and slightly more reputation than Palace but they're both in the same space in the Premier League and West Ham right now are going great guns because they're 'massive'.

“With all things being mindful it's incredibly advantageous to have somebody of this ilk in the business."

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Paul Vegas

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