Old Trafford

Next Game

Man Utd v West Ham

Saturday, 27 September 2014, 15:00

Barclays Prem

Upton Park

Last Game

West Ham 3 - 1 Liverpool

Saturday, 20 September 2014, 17:30

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

Most Commented

Readers' Comments

H

e deserved respect for forging a successful football career despite being, clearly, made from balsa wood.

Nutboy
Wenger: Diaby deserves respect

L

iverpool should put in a bid for Barkley. As cheeky as it may sound, only he looks capable enough to replace Gerrard.

paulay8
Gerrard's Decay Becoming Sadly Apparent

M

y emotions were not mixed. Super professional that he is. I will never look at you the same way Frank. Love affair over.

gittoplo
Lampard: Mixed emotions

Footer 365

Capital One Cup Live

Live updates from the Capital One Cup third round as well as the latest news and views from the world of sport.

Scottish football: Former Celtic striker John Divers has died aged 74

Former Celtic striker John Divers has died. He was 74.

Mauricio Pochettino wants Tottenham to be positive against Nottingham Forest

Mauricio Pochettino feels Tottenham need to change their mentality after the defeat by West Brom.

Mail Box

Is Moyes The Big Winner This Season?

Man United and Everton are making David Moyes look good enough for Newcastle. We have lots of mails on Steven Gerrard but mostly Man United and Van Gaal...

Should Gerrard Play Further Forward?

That's one shout in a mailbox that recalls Rafa Benitez saying the Liverpool man would one day end up as a striker. Plus, thoughts on Rooney and 500 words on Ipswich...

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