West Ham latest news: How Daniel Kretinsky's investment could be used

West Ham United co-owner David Sullivan

Daniel Kretinsky's potential injection of cash would not result in West Ham United being able to spend big during the January transfer window, according to journalist Paul Brown.

Czech billionaire is expected to purchase a 27 per cent stake in the east London club before eventually taking a majority control.

What's the latest news involving West Ham's ownership?

West Ham have been under the ownership of David Sullivan and David Gold since the duo completed their takeover in January 2010.

Sullivan boasts a majority stake in the club, with 51.5 per cent, while Gold controls 35.1 per cent.

However, their reign has not been without problems as Sullivan admitted the club's 2016 move from the Boleyn Ground to London Stadium came despite a large section of the fanbase being against the relocation.

Swathes of the fanbase have also called for Gold, Sullivan and vice-chairman Karren Brady to sell up, with one of the more eye-catching occasions being during a 3-0 defeat to Burnley in 2018, which saw supporters invade the pitch and the co-owners forced to leave the directors' box.

But the trio remain at the helm despite prolonged interest from PAI Capital, who eventually ended their takeover bid in September after failing with offers.

Kretinsky's net worth is estimated to be in the region of £2.9billion and he also has stakes in the Royal Mail and Sainsbury's.

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What has Paul Brown said about Kretinsky?

Brown has claimed that, should the sale of a 27 per cent stake go through, Kretinsky's cash would not be used to bolster West Ham's squad during the upcoming transfer window.

Instead, the 46-year-old's cash would be put towards paying off debts incurred during a difficult period in the club's history.

Brown told GIVEMESPORT: "I'm told that Kretinsky's money is not earmarked for the transfer budget.

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"I'm told it's there to help pay off debts and run the club day-to-day because West Ham have been taking out loans annually to pay the bills day-to-day over the last few years.

"Covid has hit them pretty hard, as it's hit everyone in football."

Do West Ham need to strengthen their squad in the transfer window?

David Moyes led West Ham to a club record Premier League points tally last season, allowing the Hammers to qualify for European football.

Moyes bolstered his squad during the summer transfer window by welcoming the likes of Kurt Zouma and Nikola Vlasic to the London Stadium in big money deals.

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Did West Ham United sign Michail Antonio on transfer deadline day?

They have gone on to make a promising start to the campaign and have already booked their place in the knockout stages of the Europa League.

The key area in which West Ham may look to add reinforcements is up front, with Michail Antonio currently being the east Londoners' only senior striker.

Read More - January Transfer Window 2022: When does it open, when does it close and which players are going to move?

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