West Ham co-owners David Sullivan and David Gold net wealth have been valued at over £1.5bn in the 2017 Sunday Times rich list published yesterday, a combined increase of £260m on last year’s figures.
David Gold’s estimated net wealth has increased from £300m to £460m moving him up from the 350th richest man in Britain to the 271st.
It appears that Gold’s 35% stake in West Ham has been valued around £227m while the remaining £233m comes from Gold Group International and various investments and a pension pot for the 80-year-old businessman.
Gold Group International which comprises of Ann Summers, Knickerbox, Gold Aviation, Gold Printing Limited together with various property investment companies.
The group turned over £110m in 2015 with assets worth £83m and made a small loss.
The Gold Group own 13.45% of West Ham United shares which they acquired from David Gold and have loaned the club £24m in shareholder loans at bank base rate + 5% interest or a minimum of 6% which is ever greater. Financial accounts for 2016 are overdue at companies house.
David Sullivan’s net wealth has increased from £1 billion in 2016 to £1.1 billion in the rich list which has seen him drop four places from 117th richest man in Britain to 121st in the Billionaires club.
Sullivan’s 51% of West Ham shares appears to have valued by the Sunday Times researchers around £331m leaving £769m of amassed wealth from his other interests which include property, horse racing, adult shops, premium telephone lines and publishing. His property company has assets in excess of £480m while he is said to have a £100m pension in various investment portfolios.
Sullivan is listed as an active director of 41 UK companies at companies house which includes Roldvale, Conegate, Rosequake and Sunday Sport.
Sullivan’s company Conegate owns 12.5% of the shares in West Ham’s holding company while Roldvale & associated companies Pension schemes own another 13.6% of the West Ham shares. The combined cash at bank value for all businesses where Sullivan holds a current director appointment equals £144.5m.
So, skint then clearly? Do you think that’s the last we will hear of that stupid accusation?
I took in an article from a couple of years ago from a Birmingham fan talking about how overjoyed they were when Gollivan left there and Yeung took over.
Then how it all went pear under him.
In a snippet a quote from his article which resonants strongly when reading some of the lame brain comments from some so called fans we have on blogs whos sole aim is to b1tch…
“I think this will always come down to the crux though. Those fans slating David Gold and David Sullivan now were the same people wetting themselves when Yeung took over and made his promises. Those promises never came true, and right now we are one game away from oblivion, but don’t start slating people like David Gold and Sullivan; ultimately these people did a very good job at Stan’s, and to be honest we should be grateful not galled at the contribution they made.
“They dragged this club from the dark ages, and their investment gave to me as a relatively young Bluenose many a happy memory. They should have gratitude, not abuse thrown upon them.”
Its always so easy to think the grass is always greener on the other side.
Do some of our fans want a Fawd Al-Hasawi of Foreat or Venkies at Blackburn just because they sound glamourous & are foreigners.It seems the logic of some fans.
For some they are just too easy to have a pop at, they are both personally wealthy, they both drive big old Rollers, they made their money selling knickers or pictures of birds in their knickers….. how awful that bible bashing and preaching fans of West Ham should be associated with such individuals… for me they also saved us from oblivion… and you know what, they own this club so unless they do sell up its no point the moaners having a go because it’s their money invested and they will do it their way. For me, so far on the whole they have done right by us.
I thought they almost sent us in to oblivian when you hired Avram 😁
Very true & well said, Pop!
Amazed they still put up with us-if it was just about money, I’m sure they’d make as much, probably more, staying away from footy & only dealing with ‘standard’ businesses. Wouldn’t have to put up with all the insulting rubbish either!
I heard a whisper Kim Jong-Un of North Korea is interested in investing and his first duty next season will be to hang Nige from The Orbit by his gonads to show what dissenters of the new regime will get if they continue to rabble rouse 😂😂
Kim Jong Un should host the Noth Korean apprentice both he and Trump like firing people although the results are often different it would make for some lively TV !!!
Lol 32 ,yeah one fires people with his finger,the other uses a firing squad.I aint sure which way round it is anymore though 😂