Ironing Board wrote: ↑Fri Mar 31, 2023 3:50 am
Kroenke is worth 13 billion and has married into the Walton (Walmart) family. There is no way that Kretisnky is worth anywhere near that.
Perhaps more relevant is the growth rate of Kretinskys fortune, he’s 47 and a self made man already at £7.5bn, Kroenke is 75. According to Forbes Mr K has rocketed from just outside the top 500 to 203 richest person on the planet over the past couple of years, he’s rapidly diversified his interests into media, retail and logistics on top of the original energy company, if he gets to integrate the Post Office parcel business with his Dutch PO interests he’ll have a top logistics outfit to work across Europes burgeoning internet shopping market, which will further boost his worth. More relevantly to us and in strong contrast to our current major shareholder he makes investments then looks to grow the businesses, installing top quality specialist management rather than pretending he’s the expert.
Who knows what his plans might be IF he completes the takeover. £600m for the club and £100m to the LLDC probably gives him a £1bn asset to flog to a US consortium or Arab state if he doesn’t want to retain ownership, our hope has to be he does, no doubt he’ll want to make money, but outside a sport washing exercise that’ll be true of any new owner.
Kretinsky’s skill is identifying opportunity, West Ham has huge potential, fingers crossed.
“Kretinsky realised that and hired (former Czech Republic, Sparta Prague and Arsenal midfielder) Tomas Rosicky as sporting director, so he can be in charge of those decisions. If Kretinsky does become owner of West Ham, hopefully he would’ve learned from his mistakes.
“Sparta Prague has made steady improvement in the last three years. This season we’re in a title race with Slavia Prague (the clubs are level on points after 24 games). It’s probably one of the best seasons since he became owner but it’s been a long journey to reach this point.”
2 things I like from this, is that he appears to learn from previous mistakes and adapts whilst cutting his teeth as a new Club Owner (or whatever his status is at the Club) and 2 we have now employed a Sporting Director who couldn't know our Club any better. Maybe that was also part of the thinking when Noble was offered the gig..
I'd argue that everyone is behind us in terms of events that 'could' be held at 'our' stadium.
There are not many / any football teams that could host events such as athletics, baseball and cricket (London Stadium was close to hosting World Cup 2019 cricket matches). Anyone can host boxing, rugby and even NFL (to a degree).
We are a very unique opportunity for the right person.
If there is an alleged legal dispute over amounts due as part of Kretinsky buying in given the ‘embarrassment clause’ there would presumably be a chance he would delay full takeover until that was resolved (would it make it look more likely that a full deal was agreed prior to the clause maturing).
I'm predicting a takeover will be announced on May 30th that will involve Daniel Kretinsky buying both the stadium ( in principle, subject to contract) and West Ham United FC( subject to retention of PL status).
the pink palermo wrote: ↑Fri Mar 31, 2023 2:32 pm
I'm predicting a takeover will be announced on May 30th that will involve Daniel Kretinsky buying both the stadium ( in principle, subject to contract) and West Ham United FC( subject to retention of PL status).
That's the date.
I’ll drink to that and I’m damn sure I won’t be alone
Kermit wrote: ↑Fri Mar 31, 2023 7:59 am
If he's the guardian of a trust fund I'd have thought the last thing he should be doing as a financial advuser was getting involve with West Ham and David Sullivan.
sutts07 wrote: ↑Fri Mar 31, 2023 9:48 am
I'd argue that everyone is behind us in terms of events that 'could' be held at 'our' stadium.
There are not many / any football teams that could host events such as athletics, baseball and cricket (London Stadium was close to hosting World Cup 2019 cricket matches). Anyone can host boxing, rugby and even NFL (to a degree).
We are a very unique opportunity for the right person.
Promoters like it better than the Emirates and Tottenham for concerts - easier access for rigging, more floor space for ticket sales and it’s surprisingly better for sound than at Spurs - lots of problems with acoustics at last year’s Lady
Gaga and Guns n Roses gigs.
Ironing Board wrote: ↑Fri Mar 31, 2023 3:50 am
Kroenke is worth 13 billion and has married into the Walton (Walmart) family. There is no way that Kretisnky is worth anywhere near that.
While Kretinsky is “married” into the Kelner family who are richer than he is, they are not worth anywhere near what the Waltons are. EPH is a private company so Kretinsky‘a ownership is held at “book value” of around 1B, but it generates more than that annually in cash flow (which is why his wealth is going up so quickly). If it was valued like Kroenke’s public holdings EPH alone would be worth much more than all of Kroenke’s holdings combined.
I tend to agree with Pinky, not to the point of putting a date on it, but if we do stay up I can see Kretinsky buying either a controlling interest in the club or it in totality, and the stadium as well. He doesn’t have to buy the stadium inside the club, so there would be no FFP implications.
Peaches wrote: ↑Fri Mar 31, 2023 10:56 pm
I can see Kretinsky buying either a controlling interest in the club or it in totality, and the stadium as well. He doesn’t have to buy the stadium inside the club, so there would be no FFP implications.
Not doubting it but why would he do it?
Cam he make money out of the stadium? Surely would have to as owner of both the stadium and whu to agree new terms.
If the stadium makes more match day revenue that goes to the club. How does the stadium make more money?
Even if it could make a bit more, why do it? Does he really want to give a better match day experience to the club.
the pink palermo wrote: ↑Fri Mar 31, 2023 2:32 pm
I'm predicting a takeover will be announced on May 30th that will involve Daniel Kretinsky buying both the stadium ( in principle, subject to contract) and West Ham United FC( subject to retention of PL status).
That's the date.
You'll get a big sloppy kiss from me if this is even half correct!!
Arsenal make extensive use of their conference and banqueting facilities year round and having been there for a conference they are excellent facilities too. Anyone who thinks that what's on offer at the London Stadium corporate is anywhere near comparable is embarrassing themselves.
They were reported as bringing in £1m corporate income every single home game a few years back.
Don't they also get income from the development on Highbury as well?
They don't need to scramble around for the occasional pop concert and chicken wing festivals.
sutts07 wrote: ↑Fri Mar 31, 2023 9:48 am
I'd argue that everyone is behind us in terms of events that 'could' be held at 'our' stadium.
There are not many / any football teams that could host events such as athletics, baseball and cricket (London Stadium was close to hosting World Cup 2019 cricket matches). Anyone can host boxing, rugby and even NFL (to a degree).
We are a very unique opportunity for the right person.
The London Stadium is already hosting baseball games, pop concerts and athletics yet it's still losing money.
Kialos wrote: ↑Fri Mar 31, 2023 11:54 pm
The London Stadium is already hosting baseball games, pop concerts and athletics yet it's still losing money.
Yep football stadiums hosting events just seems like a bonus not a business model anyway.
These events can only be hosted in June/July at best.
Gigs for example are planned 6-12 months in advance. Stadium owners/clubs don't know fixtures - which get moved at 4 weeks notice, early European qualifying, even which division they will be in. There are plenty more venues that can deal with it better.
Bit off topic but still adds to why buy the stadium with the club.
El brooko79 wrote: ↑Sat Apr 01, 2023 12:12 am
Yep football stadiums hosting events just seems like a bonus not a business model anyway.
These events can only be hosted in June/July at best.
Gigs for example are planned 6-12 months in advance. Stadium owners/clubs don't know fixtures - which get moved at 4 weeks notice, early European qualifying, even which division they will be in. There are plenty more venues that can deal with it better.
Bit off topic but still adds to why buy the stadium with the club.
There has only ever been one reason to buy the stadium and the club. The value of the land if it did not have a stadium on it vastly exceeds its value with the stadium and the leases that require the lease owners to maintain the stadium etc.
Becomes a question of economics as to if you can make a profit, once all costs are taken into account, by moving the club and then redeveloping some pretty prime real estate currently.
Gsbgsb wrote: ↑Sat Apr 01, 2023 7:29 am
There has only ever been one reason to buy the stadium and the club. The value of the land if it did not have a stadium on it vastly exceeds its value with the stadium and the leases that require the lease owners to maintain the stadium etc.
Becomes a question of economics as to if you can make a profit, once all costs are taken into account, by moving the club and then redeveloping some pretty prime real estate currently.
Would it be prime real estate though ?
It’s long been said that due to the toxic land the stadium is on, there’s limits to what can be built. I would have thought that to be classed as prime land, you would be marketing it to have huge office / residential builds and for that, you’d need huge foundations, or at least deeper than the LS. If the land is as toxic as suggested wouldn’t that be restricted ?
I’m not sure but if there was a possibility to sell the LS land to developers and move elsewhere on the Olympic site with a new football stadium, I’d say bring it on..
Is the old Royal Mail site still Royal Mail owned ? With DK’s post office ownership, is this feasible for a new stadium ?
(I’ve not been down there for years so I don’t know what is / isn’t there now)