Owners to defer shareholder loan pay back

Financial accounts for last season are expected to show that primary shareholders David Sullivan and David Gold have deferred the payback of their shareholder loans.

Last year’s West Ham company accounts indicated that £45m was due to be paid back on 1st January 2020 but Claret and Hugh understands the payback of those unsecured loans will be deferred again.

Gold and Sullivan invested a total of £52.2m in shareholder loans to the club between 2011-2014. No additional shareholder loans have been made in the last four years. (2014=£3.5m 2013=£10.5m 2012=£35.2m 2011=£3m )

In August 2016 Gold and Sullivan were repaid £4.2m of their Shareholder loans plus a further £2.2m in interest

A further £10m of interest was paid back to Gold and Sullivan on 18^th August 2017.

The interest on the remaining balance has reduced from 7% to 4% in 2017.

On 29th August 2018 a further £4.6m of interest was paid back to the owners.