Daniel Kretinsky: West Ham shareholder says Hammers will not spend big money in January transfer window | Football news

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West Ham’s new billionaire shareholder Daniel Kretinsky has told supporters they should not expect big spending when the transfer window opens in January.

The Czech, who also owns Sparta Prague, secured a 27 per cent stake in West Ham earlier this month, making him the second-largest shareholder. His colleague Pavel Horsky was also appointed to the board.

He arrives with David Moyes’ team number four in the Premier League and is making progress in the Europa League, where qualification for the knockout phase as group winners is already guaranteed.

Writing in Evening Standard, Kretinsky outlined some of the key goals he wants to achieve at the club, emphasizing his focus on long-term construction rather than expensive quick fixes.

Kretinsky wrote: “Our investment will lead to a positive improvement in the club’s capital structure, which will initially allow for a reduction in its long – term debt and increase the ability to further direct funds generated to key areas.

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West Ham boss David Moyes is happy with his team’s qualification for the Europa League knockout stages with a match to spare after a 2-0 win in Vienna.

“I hope our business acumen and football experience will also benefit West Ham United.

“We have come to support the club, but – to manage the expectations of the supporters – it does not mean big expenses in the January transfer window.

“I’m hugely impressed with the work of David Moyes and his team, who have improved results over a long period of time.

“This gradual development is, in my opinion, the healthiest way to build a strong club on a solid foundation and with the right attitudes and culture.

“I speak from experience. We tried to accelerate the development of Sparta Prague a few years ago and the results were disappointing.

“Improving the quality of the squad is fantastic, of course, but we prefer a gradual way that preserves and protects the club’s ethos and its values, including team spirit.

“Success requires a focus on the academy as much as on the first-team squad. Again, the world-renowned academy was a major attraction for West Ham.

“Working with young players as well as involvement in communities and other social initiatives is an integral part of football today. We need to use the power of our sport for the benefit of society.

“Football’s ability to influence them from disadvantaged or difficult backgrounds is unique. We have a duty to use that ability, so I look forward to helping to expand the good work that exists in the club.”

Jesse Lingard
Picture:
Jesse Lingard’s future at Man Utd is still unclear

Jesse Lingard, who shone while being loaned out to West Ham in the second half of last season, has been linked with a return to London Stadium and could leave Manchester United on loan again in January, with negotiations over a new deal collapsed. .

Goalkeeper Lukasz Fabianski has confirmed he is in talks with Hammers to extend his stay in east London.

West Ham face Manchester City away on Sunday in the Premier League before tests against Brighton (December 1) and Chelsea (December 4).

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