1 Comment

Investment is not a requirment for Hammers financial survival

Suggestions by Football Insider that David Sullivan and David Gold are looking for investors to help share the financial burden at West Ham is nothing new.

The website said they are keen on offloading significant stakes – a combined 30 to 40 per cent – at the right price.

It is said that West Ham “need the money” and could be in trouble without major investment in the months ahead.

In reality, the two majority shareholders have always been looking for investors to join them at West Ham since they took over and have said so publicly a number of times.

West Ham are not in financial trouble without investment as claimed more than any other Premier League club and have created a structure for a sustainable finanicial future in a post-COVid world.

In 2010 Sullivan and Gold bought on board Terry Brown and the Harris Family with Trip Smith also joined the board as shareholder taking 10% in 2017.

In June Claret and Hugh ran a story that the Hammers were the subject of a multi-million investment and nothing has changed since we broke that story.

At the time C&H were told that agents and intermediaries were acting on behalf of certain third parties potentially willing to invest. The investment would not become a full takeover of the club with David Sullivan remaining the majority shareholder.

According to our source, there still remains a chance of a new investor joining the existing shareholders but first, they would need to show proof of funds before any transaction or due diligence could proceed.

Currently, David Sullivan owns 51.5% of the shares David Gold 35.1%Tripp Smith  10% Terry Brown and Daniel Harris 3.4%

 

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

One comment on “Investment is not a requirment for Hammers financial survival

  1. This is very welcomed news Sean.
    Thanks for the update.
    I can’t help but wonder why the most obvious person / indirect credit facilitator hasn’t snapped up those shares on offer, I’d love to hear from others on this topic.

Comments are closed.