Upton Park

Next Game

West Ham v C Palace

Saturday, 19 April 2014, 15:00

Barclays Prem

Emirates Stadium

Last Game

Arsenal 3 - 1 West Ham

Tuesday, 15 April 2014, 19:45

Barclays Prem

Owners reveal West Ham loan

West Ham owners David Gold and David Sullivan invested £35m in the club to bolster their successful promotion bid last season.

Last Updated: 04/03/13 at 21:11 Post Comment

David Gold, Karren Brady and David Sullivan: Money invested in three-point plan

David Gold, Karren Brady and David Sullivan: Money invested in three-point plan

The significant figure was revealed in the club's newly-released accounts which covered the 12 months they were in the Championship.

The loan helped reinforce the Hammers squad for an immediate return to the Premier League, which they achieved with victory over Blackpool in the Championship play-off final.

The published accounts revealed losses of £25.5m while West Ham were in the second tier, with turnover falling by £34.4m to £46.25m.

But in his chairman's statement, Sullivan insisted the losses following relegation were "inevitable" following the loss of TV and sponsorship income totalling £26.5m.

Sullivan also revealed his and Gold's £35m loan - £3m of which has been

invested this season - was undertaken to fast-track a "three-point strategic plan".

"Both myself and my partner David Gold decided to invest our money into achieving promotion," Sullivan wrote.

"During the season we invested a further £32.2m of our cash in order to allow the manager to go into the transfer market and buy the players we needed to secure promotion.

"During that period we brought or loaned 18 players, most notably Kevin Nolan, Matthew Taylor and Ricardo Vaz Te, investing a total of £17.1m."

Since earning promotion West Ham have spent a further £13m on players, a figure that could rise to £20m, as they pursue the final part of their three-point plan - retaining their Premier League status.

Related News

Sky Bet

    • Retrieving latest Sky Bet odds

Most Commented

Readers' Comments

H

e was right to leave, but not just because of the money City were coming into. If I remember rightly he had a reasonable amount of chances to shine at City, but he never passed the bloody ball. Loads of aimless dribbles and 40 yard shots and not much else. I would say that if he had learnt to be a bit more of a team player he may have done better at City.

bright and edgy
Sturridge: Right to leave City

O

h! And.... has it gone in!?' Well John, it is quite literally your job to tell me, so stop phrasing it as a question.

ajsr1982
Eye On The Experts: John Motson

M

an who resembles bond villain complains about spies ....brillliant

mrjackson
Palace deny spying accusation

Footer 365

Probert to referee FA Cup final

Lee Probert will referee the FA Cup final between Arsenal and Hull next month, the Football Association has announced.

Premier League: Liverpool upbeat on Daniel Sturridge's injury ahead of Norwich game

Liverpool are optimistic that striker Daniel Sturridge will be fit for this weekend's game against Norwich.

Premier League: Aston Villa chairman Randy Lerner hails Paul Lambert in bullish statement

Aston Villa chairman Randy Lerner has issued a bullish statement in reaction to the suspension of two of his coaches.

Mail Box

Fatigue No Excuse For Giroud Being Cr*p

We have a long mail on why Giroud isn't very good at all, plus some more thoughts on neutrality. Plus, who do you want out of you club this summer and Liverpool moving buses...

Will Liverpool Cope With Parked Buses?

That's the real problem they're going to face next year, says one Man United fan who's already looking forward to the end of this campaign. Plus, thoughts on neutrality...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property