West Ham move ahead of Man United and Tottenham on rich list after Daniel Kretinsky investment

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West Ham have shot up the Premier League rich list following the confirmation of investment into the club by Czech billionaire Daniel Kretinsky.

The deal sees Kretinsky take over 27% of the club and with it a member of the board of directors. Kretinsky is now the second biggest shareholder at West Ham with a larger stake in the club than co-chairman David Gold and second only to Gold’s business partner David Sullivan.

The deal values West Ham at between £600 and £700 million and the combined wealth of the three major shareholders has moved the Hammers well up the list of the richest owners in the Premier League.

Following the Saudi takeover of Newcastle United the Magpies top the list with their owners the Saudi Public Investment Fund worth a whopping £320 billion.

No club can come close to that figure with Sheikh Mansour of Manchester City second on the list at £22.9 billion.

Forbes value Kretinsky at £2.9 billion with Gold and Sullivan understood to have a combined wealth of £1.69 billion between the pair making the new ownership group worth a staggering £4.59 billion.

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West Ham were 14th on the Premier League rich list prior to Kretinsky’s investment in the club sandwiched between Brighton in 15th and Everton in 13th. Adding Kretinsky’s giant wealth to that of Gold and Sullivan the Hammers have moved into sixth spot ahead of Wolves who drop down to seventh.

Premier League rich list Club Owner wealth
1. Newcastle United £320 billion
2. Manchester City £22.9 billion
3. Chelsea £9.6 billion
4. Arsenal £6.35 billion
5. Aston Villa £5.3 billion
6.

West Ham United

£4.59 billion

7. Wolverhampton Wanderers

£4.5 billion

8.

Tottenham Hotspur

£3.6 billion

9.

Manchester United

£3.5 billion

10.

Crystal Palace

£3.36 billion

11.

Leicester City

£2.9 billion

12.

Southampton

£2.3 billion

13.

Liverpool

£2.14 billion

14.

Everton

£1.9 billion

15.

Brighton & Hove Albion

£765 million

16.

Leeds United

£344 million

17.

Watford

£93 million

18.

Burnley

£62 million

19.

Norwich City

£23 million

20.

Brentford

£3 million

Whilst topping the rich list is no guarantee of success it certainly helps when it comes to being able to invest in club infrastructure as well as the transfer fees and player wages.

Currently, football.london understands West Ham have no grand plans to splash the cash in the January transfer window with the investment in the first instance going towards lessening the club debt.

David Moyes whilst not working on a shoe-string budget at West Ham has spent what money he has had in the four transfer windows available to him since returning to the club in December 2019. Any extra funds made available to him will be welcome but the manager is sure to be careful with his spending and make sure due diligence is done on all new signings.

Source by Football London

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