Upton Park

Next Game

West Ham v Southampton

Saturday, 30 August 2014, 15:00

Barclays Prem

Boleyn Ground

Last Game

West Ham 1 - 1 Sheff Utd

Tuesday, 26 August 2014, 19:45

Capital One Cup Second Round

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

E

ven if United were to sign CR7 & Messi to play upfront, the fact remains Fletcher and Cleverly are playing in midfield. That's where the problem is. Fletcher is too slow with an awful pass, while Cleverly is simply rubbish

mrunited4life
Di Maria - A Signing of Necessity, or Opportunity?

T

hese days, these days, you can't say something racist without somebody saying that you're a racist.

tk421
'Wrong' Views Not Silenced By Shouting...

D

rop Rooney (he's so disappointing, overrated and overpaid), and play Di Maria and RVP upfront, much like the set up at the Netherlands team with Roben and RVP...

eric bush3
Di Maria - A Signing of Necessity, or Opportunity?

Footer 365

Indian Super League: Alessandro Del Piero to play for Delhi Dynamos franchise

Alessandro Del Piero will play for the Delhi Dynamos and will take up an ambassadorial role in the Indian Super League

Transfer news: West Brom closing on deal for winger Sebastian Blanco

West Brom are close to agreeing a deal to sign winger Sebastián Blanco, according to Sky sources.

Women's football: Wolfsburg captain Nadine Kessler named Best Women’s Player in Europe

Wolfsburg captain Nadine Kessler has been named Best Women’s Player in Europe at an awards ceremony in Monaco

Mail Box

Don't Forget Chelsea Also Need A Striker

With Diego Costa struggling for fitness, one Chelsea fan pipes up in the mailbox to remind us that the Blues also need a striker. Plus, thoughts on Rooney as captain...

A United Fan Happy To See Welbeck Go

One United fan doesn't understand all the fuss over Danny Welbeck, while we also have mails on Arsenal being Arsenal, curious transfers and how to pronounce 'Gaal'...

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