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%