West Ham United Football Club plc

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.

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. The club moved to the £700 million Olympic Stadium in Stratford in 2016, after 112 years at The Boleyn ground.

Turnover and pre-tax profit figures are in millions.

Financial Overview

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

2014/15

120.700

3.000

60.0

 

2013/14

114.900

10.300

56.0

 

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– – –

– – –

– – –

– – –

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

 

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