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West Ham United Football Club plc

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Traditional West Ham United football shirt

The "Hammers" were taken over by an Icelandic consortium in November 2006 in a £85m takeover bid headed by Eggert Magnusson. The agreement was to buy 83% of shares and Terry Brown, the existing chairman at that time, stepped down although stayed on as a director. A year later Magnusson sold his stake to Bjorgolfur Gudmundsson, a financier worth an estimated US$1bn (at the time - now closer to US$0 - end 2008) and chairman of Icelandic bank Landsbanki, who in turn became chairman. In January 2010, following the Icelandic banking crash, the club was sold to David Sullivan and David Gold. They took a 50 per cent stake, paying £50m, of which Icelandic bank Straumur and its partners receiving about £10m, with the remainder used to reduce debts estimated at £110m and to provide workng capital. The two Davids must exercise an option to buy the remaining 50 per cent if the club meets certain financial targets in relation to revenue and debt by 2014.

Turnover and pre-tax profit figures are in millions.

Financial Overview

Year
Turnover
Pre-tax profit
Wages / Turnover ratio (%)
Employees

2007/08

71.632

-38.541

86.2

864

2006/07

49.427

-21.181

83.6

816

2005/06

52.007

5.733

54.6

737

2004/05

25.142

-5.810

70.5

162

2003/04

28.217

11.365

73.9

173

2002/03

44.862

-5.298

68.7

186

2001/02

42.756

-2.414

72.5

188

2000/01

33.443

-4.496

90.8

204

1999/00

31.102

-1.573

77.1

174

1998/99

24.317

-2.459

71.2

148

1997/98

21.129

-2.454

52.0

138

1996/97

15.256

-5.495

54.4

 

1995/96

11.995

0.653

51.8

127

1994/95

10.075

-2.740

 

123

Website: 
www.whufc.com
Attendance: 
SeasonAve. Attendance
2008/0934210
2007/0834600
2006/0734719
2005/0633733
2004/0527405
2003/0431165
2002/0334432
2001/0231356
2000/0125697
1999/0025093
1998/9925683
1997/9824967
1996/9723209
1995/9622317
1994/9520210

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