---
title: "West Ham United: Finance guru drops major Irons claim"
canonical: "https://www.footballtransfertavern.com/west-ham-financial-blow-kretinsky-loans/"
type: "post"
language: "en-GB"
author: "Will Seager"
section: "West Ham News"
published: "2022-04-11T19:05:30Z"
modified: "2022-04-11T19:05:30Z"
---

# West Ham United: Finance guru drops major Irons claim

**West Ham United may need to take on fresh loans to fund transfers if Daniel Kretinsky’s money continues to be tied up in Russia, further dealing a huge blow to the potential takeover of the east London club.**

### The Lowdown: Recent developments

Kreintsky acquired a [27% stake](https://www.footballinsider247.com/west-ham-need-new-funding-after-kretinsky-source-reveal-maguire/) in the Irons for approximately £180m last November. This deal was completed with the intention of a [full takeover in 2023,](https://www.footballinsider247.com/west-ham-need-new-funding-after-kretinsky-source-reveal-maguire/) following the expiration of a windfall tax clause.

However, a West Ham source has now informed [Football Insider](https://www.footballinsider247.com/west-ham-need-new-funding-after-kretinsky-source-reveal-maguire/) that sanctions on Russian business has meant that the Czech businessman is unable to access vast amounts of his money. As a result, the Hammers’ summer transfer plans are now in jeopardy.

[West Ham latest developments!](https://www.footballtransfertavern.com/web-stories/west-ham-latest-developments-4/)

### The Latest: Maguire’s claim…

Football finance guru Kieran Maguire has suggested that Kretinsky could use private loans as a temporary measure to fund any transfer activity this summer.

Speaking with [Football Insider](https://www.footballinsider247.com/west-ham-need-new-funding-after-kretinsky-source-reveal-maguire/), he claimed: *“The aim of West Ham’s owners historically is that they’ve been relatively self-sufficient in the transfer market.*

*“If Kretinsky was planning to put on the afterburners in the transfer market, this could delay things a bit.*

*“But 2023-24 is still a few transfer windows away and the geopolitical situation will likely have changed by then.* *Instead of increasing equity investment, the money is likely to come from loans.*

*“Individual investors can still spend as much as they choose, but it would come into the club through debt.”*

\[freshpress-quiz id=”375613″\]

### The Verdict: Could be a big blow

If Kreintsky is reluctant to take on new loans to fund his stake in the club, this could prove to be a huge blow for everyone involved with the Hammers.

West Ham posted a [pre-tax loss of £26.9m](https://www.footballinsider247.com/west-ham-need-new-funding-after-kretinsky-source-reveal-maguire/) in their last set of accounts, so further financial burden will not reckon well with the Premier League.

Whilst transfers may be affected more imminently, the long-term proposition of a full club takeover could now be in jeopardy. Therefore, West Ham must do all that they can to sort out the situation as soon as feasibly possible.

***In other news: [Roshane Thomas shares his concern with one West Ham player’s form](https://www.footballtransfertavern.com/west-ham-news/roshane-thomas-concern-michail-antonio-form/)***