Potential Takeovers and Investors

IronHerb

An interview regarding the latest takeover news.

Dodger58

Interesting … thanks for posting IronHerb

OutcastLondoner

Sparta Prague fans in comments on tweets about the new investor and specifically this idea of them becoming a feeder club for us weren't very impressed with him. Said they'd gone backwards under his leadership and they'd be happy to see him focus somewhere else. Obviously just a few people on Twitter, so not sure how much we can take from that but it sounded a lot like Birmingham fans when G and S took over. Though he is richer than them, his wealth is not much different to a lot of other premier league clubs and he has his hands in quite a few pots.

ASLEFshrugged

Kretínsky has been president of Sparta Prague since 2004 but he is not majority shareholder

Slacker

IronHerb said:

An interview regarding the latest takeover news.

Really interesting and intelligent piece.
Not really what you expect from a football podcast at all.

Thanks for posting.👍

OutcastLondoner

ASLEFshrugged said:

Kretínsky has been president of Sparta Prague since 2004 but he is not majority shareholder

According to those people he is the face of the ownership though. The other 60% is owned by the company he started his career with and launched the investment company he now almost completely owns.

Whitehorsehammer

So it seems he does own the majority and has control of the club either through his own shareholding or those owned by his investment company.

ASLEFshrugged

J&T was founded in 1993 by Ivan Jakabovic, currently General Manager and co-deputy chairman, and Patrik Tkac, also co-deputy chairman. Jozef Tkac, Patrik's father, is Chairman.

Kretínsky joined J&T in 1999, was made a partner in 2003, co-founded EP with Patrick Tkac in 2009 and ceased to be a J&T partner in 2011.

There are numerous subsidiaries of J&T and EP with a lot of trading between the various parties so its not easy to work out just who owns what!

OutcastLondoner

Yes, I don't think he's a majority holder - or it's not clear - but it's not a matter of he holds a minority share and the majority is held by a completely separate entity. He has very close links to them.

He's also the club's chairman.

ASLEFshrugged

Whitehorsehammer said:

So it seems he does own the majority and has control of the club either through his own shareholding or those owned by his investment company.

Kretínsky is the major shareholder of investment company EPH

J&T is the majority share holder of Sparta Prague, the deputy chairman of J&T is the minority shareholder of EPH

Hope that's clears things up a bit

PrestonHammer

I've seen clearer puddles of mud hahaha

yoyo

The Tax man is probably as confused as anyone, at least that's his aim

Slacker

Very interesting that the Czech money bags bloke was at the game yesterday, he’s apparently rarely seen in public…….

ASLEFshrugged

The Lesser Spotted Kretínsky?

nychammer66

Slacker said:

Very interesting that the Czech money bags bloke was at the game yesterday, he’s apparently rarely seen in public…….

So how do you know it was him?

PrestonHammer

He was sitting next to a massive bag of cash.

Giant_Hammer

He was tapping the bag very gently. It was Pat Cash. BOOOOOOOOM!

ASLEFshrugged

90 mins claims that the sale of shares to Kretinsky needs government approval because of the clause in the stadium leasing agreement that the LLDC should get a cut of any profit from the sale of shares before March 2023

https://www.90min.com/posts/west-ham-waiting-government-approve-daniel-kretinsky-investment

C&H say an "insider" told them this is not the case

https://www.claretandhugh.info/irons-dont-need-government-approval/

The stadium is owned by the GLA/Mayor not the government so looks as if 90 mins have got a bit confused

Whitehorsehammer

I'm sure G & S know exactly what they can or can't do and when.

Dodger58

There's a little thing called Capital Gains Tax which they will be liable for at any stage of the sale. The question is whether the 'windfall' style tax that was rumoured to exist applies or not.

IronHerb

https://www.whufc.com/news/articles/2021/november/10-november/west-ham-united-statement

IronHerb

We are now masivní.

ammerinaberdeen

Happy with this

yoyo

Money to spend in January?

Expat_Hammer

Massiveski

OutcastLondoner

Looks good but I also hope he gets the same scrutiny as PAI if/when he tries to increase his share. They seemed so bad that this guy looks great in comparison but I think healthy to be sceptical of any potential takeover.

Pearces_Left_Foot

Statement suggests all the money going to reduce debt rather than on players

Dodger58

The Law Firm my daughter works for handled this. One reason it didn't happen last week is that she's a Liverpool supporter!
https://cmsuk1.newsweaver.com/Soundbites/16lawu3l5xt1dvmsbdvvx7?email=true&lang=en&a=11&p=8771542

Dodger58

Pearces_Left_Foot said:

Statement suggests all the money going to reduce debt rather than on players

I expect that is also to try to avoid everyone doubling their prices in January thinking we are Newcastle

claretandbluesky

If it's to reduce debt is most of our debt held by Sully and Gold? Does that mean it's going to them to pay off the interest rates the charged?