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Sullivan ups West Ham stake

Co-chairman David Sullivan has purchased a controlling interest in West Ham after increasing his stake in the club to 55.6 per cent.

Last Updated: 19/07/13 at 12:58 Post Comment

David Sullivan: Increased stake in West Ham

David Sullivan: Increased stake in West Ham

Sullivan and fellow co-chairman David Gold had been equal partners since taking over the Premier League club in January 2010.

But Sullivan recently purchased an additional 25 per cent share from CB Holding, the firm which had controlled West Ham on behalf of Icelandic banks after former chairman Bjorgolfur Gudmundsson was declared bankrupt.

Sullivan's investment is part of a £25.5million restructuring of the club's debt.

The club's official website shows that Gold still owns 30.6 per cent of WH Holding Limited, the club's parent company, and CB Holding's stake has been reduced to 10 per cent.

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