C&H: Daniel Kretinsky has drafted up plans to transform the London Stadium into a more traditional football ground. The plans include removing the running track, bringing seats closer to the pitch, closing the gap between the tiers and upgrading hospitality. ⚒️ #WHUFC #COYI

What. A.muppet

Open letter to the West Ham United board from the FAB. Let’s seize the opportunity that the new board are confident of delivering. whuisc.com/board-open-letter…

Good, spend it in fernandes abs get the deal done for 85m

اجمل اهداف لهولندا في مونديال 2010 😍🧡🇳🇱

SULLIVAN BRADY THE SON'S SALTHOUSE SILKMAN THE ITK's ALL THOSE WHO HAVE LIED, PROFITED AND USED THE PIMP AND SEXUAL PREDATOR ARE BEING "OUTED". THE CANCER IS NEARLY CLEAR OF OUR CLUB.

🔥 BIG JOHN FURY ABSOLUTELY LOSES IT LIVE ON AIR! 😳 The moment the presenter dared to mention Carl Froch, all hell broke loose! John Fury went full beast mode and unloaded: “You saw enough of Carl Froch the last time I tried to confront him in the studio… Carl Froch had a bum hole like a rabbit’s nose that night. Let me tell ya, it was twitching like a rabbit’s nose!” 😭 The old lion wasn’t done: “I’m an old man, but I’m a rough old man. If people doubt me, come forward and let’s see what you’ve got, because I’m not taking a backwards step from anybody! I will f*cking die fighting!” The presenter tries to wrap it up… then John went too far and said: “Sorry about that, dear.” She looked personally offended - and of all things, it was being called “dear” that did it! 😂 “I haven’t been called dear!” John fires back without missing a beat: “I’m sorry. I apologise. You’re messing with the reptile of the Fury family. I’m not a gentleman. This is John Fury, as I am, in the raw. Get up there!” 😂 Absolute dynamite on camera. No filter but very entertaining. Big John is unhinged in the best way possible.

Time to ask @karren_brady some questions. Let's be 'avin ya Karren. You've had 35 years of income love, we now need some truth. #KarrenBrady #DavidSullivan #WestHam

3/3 The Insolvency Firebreak & The July Commercial Debt Cleanout David Sullivan's June 6th resignation as a director was a highly calculated legal firebreak ahead of the BBC Panorama broadcast to protect his personal estate and insulate the club. Under the UK Insolvency Act 1986, sitting directors can face severe personal financial and criminal liability for "wrongful trading" if they continue operating a business that carries unmanageable deficits with no realistic prospect of avoiding insolvency. With West Ham sitting on a record £104.2 million pre-tax loss, Sullivan proactively stepped down to strip himself of daily fiduciary liability. Simultaneously, this move protected West Ham’s multi-million-pound commercial sponsorships from being canceled under standard morality clauses following the toxic media fallout. He stepped away from daily liability, leaving his illiquid 38.8% equity intact, while clearing a completely unhindered path for Křetínský’s cash to clean up the mess. Make no mistake: clearing the immediate £90M deficit only satisfies basic EFL licensing; it does not touch the club's underlying debt mountain. The commercial banking registry shows that the operating team (Company No: 00066516) is still suffocating under a £40 million ($51 million) Barclays overdraft expiring on July 15th and an £89 million ($114 million) drawn debt to Rights and Media Funding (Charge 0049), which has racked up an unsustainable £19 million ($24 million) in annual interest fees alone. Because West Ham has been relegated, high-street banks and sports financiers will flatly refuse to roll over credit or layer fresh debt onto a second-tier club carrying a record £104.2M loss. The traditional credit lines are frozen solid. This banking wall is precisely why Křetínský’s institutional capitalization model is an absolute necessity. Moving into July, Svarc and Horský will most likely oversee an aggressive corporate debt restructuring. Backed by his immense private liquidity, Křetínský can use use his majority voting block to completely satisfy the expiring Barclays overdraft and refinance the Rights and Media debt—replacing toxic, high-interest third-party bank debt with interest-free shareholder capital. Once the interest bleed is stopped, the model shifts toward exploiting the league's infrastructure spending loophole. While Squad Cost Rules strictly limit player wage expenditure relative to football revenue, capital spent directly on upgrading the training ground or purchasing the London Stadium is 100% exempt from financial fair play limits. By converting short-term bank liabilities into long-term, exempt real estate assets, Křetínský will expand the club's legal revenue baseline—giving West Ham a permanent financial spending advantage for a top-flight return. #LondonStadium #RushGreen #FinancialFairPlay #PSR #EFL #Restructuring #Banking

2/3 The Dilution Trap & Sullivan's Permanent Boardroom Ban This proportional billing creates a flawless win-win scenario for Křetínský, regardless of how the other owners respond. Under the club’s pre-authorized Articles of Association, the board holds a permanent, unconditional mandate to issue these shares to protect regulatory compliance without needing a fresh, hostile vote. Because Sullivan's wealth is trapped in illiquid property portfolios and he is entirely out of the boardroom fighting personal legal battles following the BBC Panorama broadcast, his family is highly likely to pass on their £35M bill. Under corporate law, any unbought shares are offered to the remaining owners. Křetínský can simply step up, buy Sullivan’s unpurchased shares himself, clear the June 30th deadline, and automatically trigger a corporate dilution that shrinks Sullivan’s voting percentage below Křetínský’s expanded holding. If anyone believes Křetínský is a typical private equity "flipper" looking to restructure the club quickly and sell it to an outside consortium for a quick profit, they are completely misreading his boardroom deployment. He didn't populate his West Ham seats with football romantics; he deployed his two most lethal financial weapons. The first is Jiri Svarc, an active Managing Director at JPMorgan who has been embedded on the board since August 2022 to track the club's complex third-party debts from a Wall Street perspective. The second is Pavel Horský, the Chief Financial Officer (CFO) and Vice-Chairman of EPH—the massive energy conglomerate that acts as the primary cash cow for Křetínský's multi-billion-pound global corporate takeovers.Křetínský operates as an infrastructure landlord, backed by his energy empire which generates a staggering €7.3 billion ($7.8 billion) in core annual EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). This specific metric measures raw, operational cash generation, completely stripping away debt interest, tax variables, and non-cash accounting noise. Because Křetínský's core businesses pump out billions in pure operational liquidity every single year, a £90M injection represents less than 1.5% of his annual cash flow. It is the pocket change required to permanently secure, clean up, and control a valuable, long-term entertainment infrastructure asset on his own terms. Furthermore, Sullivan's exit from daily operations is permanent. A common misconception is that owning shares means you can automatically demand a director seat. Directors require a majority vote to be appointed. Once Křetínský crosses the 50.1% threshold via the rights issue or a parallel Gold family buyout, he controls the supreme voting block and can flatly block any attempt by Sullivan to return. #WestHamUnited #JPMorgan #EPH #EBITDA #SportsBusiness #CorporateFinance #CompaniesHouse

1/3 The Corporate Restructuring of West Ham United: My Analysis The financial media has routinely treated the West Ham United boardroom transition as a sudden, unpredictable crisis. However, a strict journalistic analysis of UK company law, the club’s active share structures, and Daniel Křetínský’s historical portfolio reveals a highly logical corporate restructuring strategy. With David Sullivan officially resigned from his executive duties and the club facing a hard fiscal cliff, we are witnessing a textbook consolidation of power driven entirely by regulatory math and statutory notice periods. The immediate catalyst driving this compressed timeline is a strict, one-time regulatory bridge. The official football fiscal year runs until midnight on June 30th, meaning West Ham legally remains bound by Premier League financial reporting allowances for this window. Under these rules, owners can inject unlimited equity via share issues to absorb operational losses and clear deficits. The exact minute the clock strikes July 1st, the club drops completely into the EFL Championship framework, where maximum owner cash top-ups are strictly capped at just £15 million ($19 million) per year. It is an absolute "use it or lose it" regulatory window to clean the balance sheet; if Křetínský doesn't use the Premier League rules to drop the capital into the bank account before June 30th, he is legally blocked from doing it later. To exploit this window without taking on more toxic bank debt, the board must deploy a corporate rights issue to raise a £90 million ($115 million) relegation liquidity deficit. Under standard pre-emption laws (the right of first refusal) governed by the Companies Act 2006, this funding bill cannot be arbitrarily assigned; it must be split proportionally based on current share ownership. Because David Sullivan’s estate holds the largest individual block at 38.8% of ultimate parent company WH Holding Limited (Company No: 05993863), he is legally the one required to pay the largest slice of the emergency funding—roughly £35 million ($44 million). Křetínský (27.0%) and the Gold family (25.1%) are billed proportionally for the remainder (£24.3M and £22.5M respectively). Under standard company law, the board cannot execute this allotment instantly; a formal notice must be issued, granting all shareholders a mandatory statutory window to respond. Because Křetínský will let this legal clock tick to the wire to lock in the lack of participation from the old regime, no official paperwork can process on Companies House until early July. #WHUFC #WestHam #Kretinsky #FootballFinance #CompaniesHouse #EFL #BusinessAnalysis

The world cup is a blessing in disguise for West Ham its a break in the close season that gives the club time to sort out the wheat from the chaff. Incuding ownership & major transfers in & out. Everything else at this stage is just noise & clickbait nonsense. #WHU

Someone needs to help chance his mind pretty damn quick....@EssexPoliceUK

Morning all. We are working on something we think will be of interest to all West Ham United supporters and will share that soon. The #NoMoreBS campaign played its part in regime change, eventually, at our beloved football club. Have a read of this hammersunited.co.uk/the-no-m…

#MEXRSA south Africa got to be one of the worst teams ever to play in a world Cup opening game

⚒️ Daniel Křetínský wants to buy David Sullivans 38% Share of West ham united adding to his Already 28% and he also plans to buy the London Stadium. Rumours also that London mayor Sadiq khan would be inclined to sell the London Stadium for Obvious Reasons. #WHUFC

I thought it was a 🎪 over at ⚒️ bit this could be on a par

What an absolute clown #madueke

Dazzling Dutch goals at the #FIFAWorldCup 🇳🇱🤩