Strnad’s Wealth: Pilsen Owner’s Rise to Bohemia’s Richest

He is by far the heaviest caliber among the “big boys” who have recently bought domestic football clubs into their empires. With his arrival in Pilsen, Michal Strnad brought Viktoria economically to the level of Prague “S” owned by powerful businessmen Daniel Křetínský and Pavel Tykač and erased one possible handicap in the fight for the title. He himself has already reached the first place – precisely in the ranking of the richest Czechs. He has just done a complete terno: after the recent entry of his CSG holding onto the stock exchange, he has doubled his fortune!

This is called a blow directly to the chamber. No one else in domestic business is being talked about more this week than the head of the arms, industrial and technology giant Czechoslovak Group (CSG). Behind it is a huge deal with his shares. Strnad decided to provide part of them first in a non-public subscription (IPO), then on Friday morning they appeared freely tradable on the Amsterdam Stock Exchange and on the Prague Stock Exchange as part of the unregulated Free Market.

In both cases, a fight broke out over them and the price of the shares immediately rose by more than 26% in Amsterdam and later by almost 40% in Prague. During the day, however, there was also the expected slight correction. With the subscription of shares, which aroused interest (not only) throughout Europe, CSG surpassed the market value of ČEZ and became the most valuable Czech company.

Strnad’s fortune then increased to an amount varying between 728 and 764 billion crowns. According to economic experts, Renáta Kellnerová, owner of the PPF group, whose fortune is estimated at 375 billion crowns, as well as Křetínský and Tykač, jumped significantly in the “table” of the richest Czechs.

CSG is one of the European leaders in the defense sector. Its rise is largely linked to the war in Ukraine and geopolitical unrest in the world. If the tension were to ease, it would also have an impact on the results of the group and its shares. On the other hand, governments and investors are interested in the arms industry as such and long-term contracts. Only thirty-three-year-old predator Strnad, who holds 85% of the shares, now also pays for the richest arms manufacturer in the world, and the Bloomberg agency ranks him among the most powerful businessmen under 40.

Only Strnad’s entry into Pilsen brought the possibility of expansion, which can be reflected in the transfer market. Now, in theory, the club could have even better prospects. Boss Viktoria Adolf Before the start of the spring part of the Chance League, Šádek also spoke about a new era, but at the same time he reiterated that in the west of Bohemia they do not want to follow the path of unbridled spending and financial spiraling. Not even with Strnad’s millions or billions.

“Our policy remains the same. He certainly doesn’t want us to spend money when we don’t have to spend it. On the other hand, if it becomes necessary and we need to spend it, we can spend it,” said Šádek. “For me to be instructed that we have to buy the most expensive because I’m one of the richest, that’s certainly not the case. We probably won’t act like that. But we’ll be able to buy the player we want, regardless of how much it costs,” he added.

The options are…

Strnad o Pilsen: I wasn’t looking for a project for one season. The thanksgiving was a powerful moment