web analytics
2 Comments

Meet West Ham’s new billionaire owner

DavidSullivanWest Ham co-owner and joint chairman, David Sullivan is now a billionaire according to the 2016 Sunday Times rich list. Mr Sullivan crossed the £1bn mark after his wealth grew by more than £150m in the last year raising to the 117th most wealthy person in the UK.

The Times has calculated Sullivan’s 51 per cent stake is now worth a cool £400million valuing the club at over £800m. Away from football Sullivan runs three companies – Conegate Ltd, Roldvale Trading Ltd & Gc Co No. 102 Ltd according to the latest Sunday Times Rich List – with net assets of £414m plus a property portfolio worth in the region of £300m.

His property company called Conegate, owns property in London including Russell & Bromley’s flagship shop buildings in Oxford Street near to Bond Street tube station said to worth £55m on it’s own. That building earns £1.325m in rent per year. The 67 year old other investments include race horses, premium phones lines and publishing, including the Sunday Sport which  he reacquired for £50,000 in 2011. In the 2015 Sunday Times Rich list the he was credited with an £815m fortune.

The same list ranks fellow co-owner, David Gold’s wealth was estimated at around £300m in 350th place with his daughter Jacqueline Gold but the latest news would mean Gold’s 35.1% stake in West Ham has increased to around £280m on top of his business empire Gold Group International incorporating Ann Summers, Gold Aviation, Knickerbox, Greenwich House Properties and York Place.

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

2 comments on “Meet West Ham’s new billionaire owner

  1. Great! …maybe we wont be so restricted by ffp so much anymore lol !, …good on the 2 daves long may it continue! They have been a blessing for our great club! COYI!

  2. As a long life Hammers fan , this is nothing but good news for the Club and all, success breeds success and as Aykay says” Long may it continue” as we all know the modern game is a high stakes business venture first, then the play on the field – But Im sure that there is much more to this than just a simple storey of wealth , a typical new paper report not taking in to account all the business involvements and all the Investments, debts and other outgoings that must be In place , I’m just pleased that the two David’s actually are Hammer Fans and I do believe they want success at our club, I mean what’s the point in life of having all that money and not being able to enjoy it on your passion ???

Comments are closed.