Upton Park

Next Game

West Ham v Arsenal

Sunday, 28 December 2014, 15:00

Barclays Prem

Stamford Bridge

Last Game

Chelsea 2 - 0 West Ham

Friday, 26 December 2014, 12:45

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

Most Commented

Readers' Comments

I

really enjoyed this. Thanks F365 for another year of work avoidance - happy Christmas.

megabrow (cufc)
Our Person Of The Year: Alan Pardew

I

m no Sam Fan and this article sums him up beautifully. I always like to imagine that when he watches anything on TV and hears clapping, he stands up and aknowledges the applause, thinking its for him!

cozens
Football Managers On TV: Sam Allardyce

N

ah, Fergie is just having another pop at Rooney. He just wants to put him down whenever he gets a chance. Rooney is by far the best English player. Carrick is not far behind, mind. However, by elevating Carrick like that, Sir is having a dig at Wayne. Fergie is well-known for mind games like that. Good to see he's still feisty.

timbo
Van Gaal will thrive - Ferguson

Footer 365

Arsene Wenger admits Olivier Giroud deserved his red card for headbutting Nedum Onuoha

Arsene Wenger admits Olivier Giroud deserved his red card for headbutting Nedum Onuoha in Arsenal's 2-1 win over QPR.

Premier League: Alexis Sanchez and Tomas Rosicky give 10-man Arsenal 2-1 win over QPR

Alexis Sanchez and Tomas Rosicky gave Arsenal a 2-1 win over QPR despite Olivier Giroud's second-half sending off.

Premier League: Manchester City respond to Chelsea's victory by winning at West Brom

Manchester City won 3-1 at West Brom to reduce the gap on Chelsea at the top of the Premier League back to three points.

Mail Box

Van Gaal's Half-Term Report Card...

One Man United fan isn't happy with the rate the team is progressing under Louis van Gaal, while the mailbox also wishes Liverpool fans a Merry Mid-Table Christmas...

Hang On, Rafa's Success Is No Fluke...

The afternoon mailbox kicks the morning mailbox's arse after claims that Rafa Benitez has fluked his success. Plus, big talk about Liverpool's progress and lots more...

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