The board of Royal Mail’s parent company, International Distribution Services (IDS), announced in May it had agreed to a takeover of the postal service by EP Group, which had valued the firm at £5.3bn.
But who is Mr Kretinsky and what is his background?
The 48-year-old is ranked 33rd on The Sunday Times Rich List with an estimated net worth of £6bn – up £2bn since 2023.
Low profile
He is known as the “Czech Sphinx” – a reference to the mysterious mythical creature – reportedly due to his enigmatic nature and reluctance to speak about his investments in public.
Mr Kretinsky is known for keeping a low profile and rarely gives interviews, but is said to be a keen Anglophile.
Czech journalist Michael Mares once described him to the New York Times as someone who “you can actually meet downtown, or see driving his [Porsche] Panamera… he lives here, but he’s not someone who will be in a paper”.
Image: The billionaire reportedly holds a 40% share in Sparta Prague, pictured here in action against Liverpool earlier this year. Pic: Reuters
What is his background?
Mr Kretinsky was born into a high-achieving family in the Czech city of Brno. His mother was a top judge, while his father was a doctor of computer science.
After graduating with a degree in political science, he worked as a lawyer before joining investment group J&T Finance Group in 1999.
He quickly rose up its ranks to become a partner in 2003, before making his first significant investment a year later in Czech football team Sparta Prague.
Mr Kretinsky is now the co-owner of his boyhood club and reportedly holds a 40% share.
Image: Daniel Kretinsky, second from right, watches West Ham’s European Conference League final victory over Fiorentina last year. Pic: AP
What are his other investments?
The billionaire made much of his fortune from energy and fossil-fuel investments, but has a variety of business interests in countries spanning his home nation, Germany, Italy, Slovakia, the Netherlands and the UK.
They include Eustream, which moves Russian gas via pipelines running through Ukraine, the Czech Republic and Slovakia, and sportswear retailer Footlocker.
In 2009, he became heavily involved in the founding of J&T’s energy investment company EPH. He is the current chairman and majority shareholder of the now multi-billion pound company, which is part of a network of linked firms.
In 2018, he snapped up a 49% stake in French Newspaper Le Monde, followed by a 3.05% stake in Sainsbury’s two years later – becoming its fourth-largest shareholder.
He later raised his investment in the supermarket chain to nearly 10%.
Mr Kretinsky made another splash into the UK market in 2021 when he bought a 27% stake in West Ham United football club – a deal worth £150m which was first revealed by Sky News.
His EP Group already owns 27.6% of the Royal Mail.
Image: Mr Kretinsky’s villa in Prague. Pic: AP
What does he spend his money on?
Mr Kretinsky owns a 15-bedroom house in London’s Bishop Avenue – known as billionaire’s row – which he bought for £65m in 2015 and once rented to pop star Justin Bieber for a reputed £25,000 a week.
He also spent €21.5m (£18.3m) buying a Parisian townhouse down the road from the Elysee Palace from Russian oligarch Dmitry Rybolovlev.
The billionaire also owns a 25% share of the Velaa exclusive private island resort in the Maldives.
He lives near his office in Prague and has been redeveloping a property near Sparta’s ground known as Villa Kapsa, which was formerly the Iranian embassy.
Schoolchildren are asking teachers how to strangle a partner during sex safely, a charity says, while official figures show an alarming rise in the crime related to domestic abuse cases.
Warning: This article contains references to strangulation, domestic abuse and distressing images.
It comes as a woman whose former partner almost strangled her to death in a rage has advised anyone in an abusive relationship to seek help.
Bernie Ryan, chief executive of the Institute for Addressing Strangulation, has been running the charity since its inception in 2022 after non-fatal strangulation became a standalone offence.
“It’s the ultimate form of control,” she says.
She says perpetrators and victims are getting younger, while the reason is unclear, but strangulation has seeped into popular culture and social media.
“We hear lots of sex education providers, teachers saying that they’re hearing it in schools.
“We know teachers have been asked, ‘how do I teach somebody to strangle safely?’
“Our message is there is no safe way to strangle – the anatomy is the anatomy. Reduction in oxygen to the brain or blood flow will result in the same medical consequences, regardless of context.”
Image: Bernie Ryan, CEO of the Institute for Addressing Strangulation
A recent review by Conservative peer Baroness Gabby Bertin recommended banning “degrading, violent and misogynistic content” online.
Violent pornography showing women being choked during sex she found was “rife on mainstream platforms”.
Ms Ryan says she “wants to make sure that young people don’t have access to activities that demonstrate that this is normal behaviour”.
Strangulation is a violent act that is often committed in abusive relationships.
It is the second most common method used by men to kill women, the first is stabbing.
According to statistics shared by the Crown Prosecution Service, in 2024 there was an almost 50% rise in incidents of non-fatal strangulation and suffocation – compared to the year before.
Image: Kerry Allan pleads for other victims of abuse to seek help
Domestic abuse victim Kerry Allan has a message for anyone who is in an abusive relationship.
Kerry met Michael Cosgrove in September 2022. While she said “at the beginning it was really good”, within months he became physically abusive.
In August last year her friends found his profile on a dating app.
“I confronted him and he denied it. I knew we were going to get into a big argument and I couldn’t face it, so I said I was going to my mum’s for a few days and take myself away from the situation.
“I came back a few days later and stupidly I agreed we could try again and everything escalated from that.”
Image: Injuries to Kerry’s chest. Pic: CPS
In the early hours of 25 August the pair had come in from a night out at a concert and got into an argument.
“He was having a go at me, accusing me of flirting with other people, and I was angry. I told him he had a nerve after what he’d done to me in the week and how he humiliated me.
“I told him that I wanted to leave, that we were done and that I wanted to go to my mum’s and that’s when it got bad.
“He pinned me to the bed and that’s when he first strangled me.”
Image: Kerry’s neck injury. Pic: CPS
Kerry says this was the first time she’d ever been violently assaulted. Cosgrove was eerily silent as he eventually let go and Kerry gasped for air.
“I remember trying to get my breath back, I was crying and hyperventilating… I was sick on the bedroom floor and I was asking him to go.”
Cosgrove strangled her for a second time before letting go again.
“He was saying I wasn’t getting out of this bedroom alive. I was dead tonight, he hoped that I knew that. Just kept saying how I’d ruined his life.”
Image: Injury to Kerry’s eye. Pic: CPS
“I remember feeling a sort of shock thinking at this point, I’m not going to get out of this bedroom, he’s actually going to kill me.”
Kerry began screaming and shouting for help as loud as she could.
Her neighbours heard the commotion and called the police. While they were en route, Kerry was once again being assaulted.
Image: Bleeding in Kerry’s eye
“I ran over to the bedroom window and tried to jump out, he grabbed me as I went to open the window, and we struggled. And then I was back in the same position, he was on top of me on the bed, and his hands were round the throat again. But this time it didn’t stop.
“I remember trying to struggle and trying to kick out and hit him and I just kept thinking that I definitely was going to die, because at this point, it wasn’t stopping.”
The next memory Kerry has is opening her eyes to see police and paramedics in the bedroom.
Image: Michael Cosgrove. Pic: CPS
Cosgrove had heard the sirens, jumped out of the bedroom window and went to hide in Kerry’s car.
Kerry remembers opening her eyes to paramedics caring for her: “I remember thinking, I’m alive. I couldn’t believe it. I couldn’t believe that I was alive and I wasn’t dead. My last memory is him being on top of me with his hands on my throat.”
Image: Kerry met Michael Cosgrove in September 2022
She gives this advice to anyone who is in an abusive relationship: “Please speak to somebody, whether it’s friends, family, a work colleague, whether it’s somebody online, whether it’s a charity that you’re directed to, any sort of abuse is not okay.
“Whether it starts off emotional, they often start off that way, and they escalate, and they can escalate badly.
“Take what happened to me as a huge warning sign, because I wouldn’t want anyone else to be in the position I’ve been in the last eight months.”
Cosgrove was found guilty of attempting to murder Kerry and intentional strangulation.
He will be sentenced in July.
If you suspect you are being abused and need to speak to someone, there are people who can help you.
Two men have been found guilty of cutting down the famous Sycamore Gap tree that stood for more than 150 years.
Daniel Graham and Adam Carruthers were convicted of causing more than £620,000 worth of damage to the tree and more than £1,000 worth of damage to Hadrian’s Wall in Northumberland.
On 27 September 2023, the pair drove 30 miles through a storm to Northumberland from Cumbria, where they both lived, before felling the tree overnight in a matter of minutes.
Image: The Sycamore Gap tree before it was cut down. Pic: CPS
The pair each denied two counts of criminal damage to the sycamore and to Hadrian’s Wall, which was damaged when the tree fell on it, but were convicted by a jury at Newcastle Crown Court on Friday.
The Sycamore Gap tree sat in a dip in the landscape and held a place in pop culture, featuring in the 1991 Kevin Costner film Robin Hood: Prince of Thieves.
It also formed part of people’s personal lives, as the scene of wedding proposals, ashes being scattered and countless photographs.
Image: Adam Carruthers. Pic: Northumbria Police/PA
In the clip, the sound of a chainsaw can be heard, and the silhouette of a person can be seen, before the trunk eventually tumbled.
The footage was shot on Graham’s iPhone 13, with the metadata providing the coordinates of the tree.
Part of tree kept as ‘trophy’
Over the course of the trial, the pair blamed one another, but the prosecution argued they were both responsible for what the court heard was a “mindless act of vandalism”.
As well as the video footage of the felling, an image of a piece of wood and a chainsaw was found on Graham’s phone.
Image: Adam Carruthers (R) and Daniel Graham (L) worked together felling trees. Pic: CPS/PA
Image: An image of a piece of wood and a chainsaw was found on Graham’s phone. Pic: PA
Richard Wright KC, prosecuting, told the court: “This was perhaps a trophy taken from the scene to remind them of their actions, actions that they appear to have been revelling in.”
Voice notes played in court
The jury was also played voice notes the pair had sent one another, commenting on the media coverage the incident was receiving.
In one of them, Graham, 39, said to 32-year-old Carruthers: “Someone there has tagged like ITV News, BBC News, Sky News, like News News News”, before adding: “I think it’s going to go wild.”
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0:34
Sycamore Gap seeds saved
Another piece of evidence was a photo of the defendants felling a different tree, about a month before the Sycamore Gap was cut down.
The prosecution said Graham, who owned a groundworks company and Carruthers, who worked in property management and mechanics, were “friends with knowledge and experience in chainsaws and tree felling”.
From the beginning, much of the trial focused on the significance of the tree, with Judge Mrs Justice Lambert telling the jury to put their “emotion to one side” before proceedings began.
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Voicenotes from Sycamore Gap tree trial
‘Mindless acts of violence’
Northumberland Superintendent Kevin Waring, of Northumbria Police, said: “We often hear references made to mindless acts of vandalism – but that term has never been more relevant than today in describing the actions of those individuals”.
Graham and Carruthers gave no explanation for why they targeted the tree, he said, “and there never could be a justifiable one”.
Northumbria Police and Crime Commissioner, Susan Dungworth, called the felling of the tree “unfathomable” and said, although “there was no remorse [from the defendants], there was compelling evidence, and now there will be justice”.
Gale Gilchrist, chief crown prosecutor for CPS North East, said Graham and Carruthers took “under three minutes” to bring down the “iconic landmark” in a “deliberate and mindless act of destruction”.
She said she hoped the community “can take some measure of comfort in seeing those responsible convicted”.
‘Enormity of the loss’
Reflecting on the verdict and the actions of the pair, Tony Gates, chief executive of Northumberland National Parks Authority, said: “It just took a few days to sink in – I think because of the enormity of the loss.
“We knew how important that location was for many people at an emotional level, almost at a spiritual level in terms of people’s connection to this case.”
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The tree’s stump still sits by Hadrian’s Wall, where new shoots have been emerging.
Its largest remaining section will go on display at the National Landscape Discovery Centre in the Northumberland National Park later this year.
The effort to preserve the tree’s legacy also goes beyond the region where it stood.
Forty-nine saplings taken from the tree have been conserved by the National Trust. They will be planted in accessible public spaces across the country as “trees of hope”, which will allow parts of the Sycamore Gap to live on.
The defendants, who didn’t react when the verdicts were delivered, will be sentenced in July.
An art dealer who featured on the television show Bargain Hunt has pleaded guilty following a police investigation into terrorist financing.
Oghenochuko “Ochuko” Ojiri, 53, admitted eight counts of failing to make a disclosure during the course of business within the regulated sector, contrary to section 21A of the Terrorism Act 2000.
Prosecutor Lyndon Harris said Ojiri sold art to Nazem Ahmad, a suspected financier of Hezbollah.
“At the time of the transactions, Mr Ojiri knew Mr Ahmad had been sanctioned in the US,” Mr Harris told the court.
“Mr Ojiri accessed news reports about Mr Ahmad’s designation and engaged in discussions with others about his designation.”
“There is one discussion where Mr Ojiri is party to a conversation where it is apparent a lot of people have known for years about his terrorism links.”
Ojiri “dealt with Mr Ahmed directly, negotiated the sales of artwork and congratulated him on those sales,” according to Mr Harris.
Each count Ojiri faced related to an individual sale of artworks, which were sent to Dubai, UAE and Beirut.
Ojiri, from west London, who has also appeared on the BBC’s Antiques Road Trip, was bailed ahead of his sentencing at the Old Bailey on 6 June.
He was ordered to surrender his passport and not apply for international travel documents.
“He is not a flight risk,” Gavin Irwin, mitigating, told the court.
“The fact that he is here – he has left the UK and has always returned knowing he may be charged with offences – he will be here on the next occasion.”