Daniel Křetínský has made a fortune snapping up leftovers from the old economy. The Czech billionaire owns a clutch of coal companies, and in recent years he has made waves with investments in pillars of the old economy such as high street retailers, supermarkets and newspapers.
Křetínský holds his cards so close to his chest that he gained the moniker of the “Czech Sphinx” from a Polish magazine. The nickname has stuck, but the businessman’s profile outside his homeland has grown after a spree of acquisitions.
That has included football clubs – the surest way for a wealthy businessman to be noticed – starting with Sparta Prague in 2004 and followed by West Ham last week. The West Ham stake, reportedly worth between £180m and £200m for 27%,
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