web analytics

Hammers can borrow up to £120m from computer tycoon

West Ham accounts released today reveal that the club can borrow up to £120m over thee next five years from MSD Holding Limited.

The new loan was concluded last month on 26th February and is secured on all assets of the club.

MSD Holdings are a newly-established investment group set-up to manage the wealth of billionaire technology tycoon Michael Dell, who last year was mentioned as a potential ‘passive, minority investor’ in a deal to buy Sunderland. They also provided a loan to Derby County.

The club also took out a £55m loan from Media Rights and Funding repayable in July 2021 after settling a £63.5m to the same company in August last year with interest revealed at 5.65%.

Another loan of almost £1m was borrowed for Chadwell Heath development which is repayable in July 2023.

Start supporting Claret and Hugh today Claret & Hugh’s team of creators work with passion and pride to bring you the quality of content that keeps you coming back for more. Support for our creators, however big or small, will help us keep your Hammers content fresh, frequent and loyal to the club. £5 per month £10 per month £20 per month £50 per year

The Hammers also took out a £20m short term loan from Barclays bank which is also repayable in July 2021 taking their total lending potentially to £196m over the three loans.

The loans are in addition to a £30m cash injection from a  share rights issue from existing shareholders.

Click Here for Comments >

About Sean Whetstone

I am Season Ticket Holder in West stand lower at the London Stadium and before that, I used to stand in the Sir Trevor Brooking Lower Row R seat 159 in the Boleyn Ground and in the Eighties I stood on the terraces of the old South Bank. I am a presenter on the West Ham Podcast called MooreThanJustaPodcast.co.uk. A Blogger on WestHamTillIdie.com a member of the West Ham Supporters Advisory Board (SAB), Founder of a Youtube channel called Mr West Ham Football at http://www.youtube.com/MrWestHamFootball, I am also the associate editor here at Claret and Hugh. Life Long singer of bubbles! Come on you Irons! Follow me at @Westhamfootball on twitter

5 comments on “Hammers can borrow up to £120m from computer tycoon

  1. I wonder why we borrowed at 5 percent, when Arsenal, Spurs etc borrowed from the government at 0.50 percent, the same as many other business.
    Just interested why we go didn’t take that route.

  2. The headline is not correct. It’s a facility not a loan – that means we have the ability to borrow up to £120m but haven’t actually borrowed it (potentially yet). It’s common for usage of such facilities to vary based on cash flow needs at different times of the year (such as paying players whilst awaiting Sky money as we do each year and take the Rights and Media loan as a result).

Comments are closed.