David Sullivan has talked at length about the debt mountain he inherited at West Ham. The debt inherited from the previous regime was around £110m and this is now down to about £90-£95m. About half of this is made up of bank loans and half other forms of debt. However, the new owners keep being hit by claims for money owed by their predecessors. With West Ham currently rooted at the bottom of the table, the size of the debt adds to the club’s other worries.
David Sullivan has talked at length about the debt mountain he inherited at West Ham. The debt inherited from the previous regime was around £110m and this is now down to about £90-£95m. About half of this is made up of bank loans and half other forms of debt. However, the new owners keep being hit by claims for money owed by their predecessors. With West Ham currently rooted at the bottom of the table, the size of the debt adds to the club’s other worries.Oliver Kay commented in The Times, ‘Gold and Sullivan sound like two men who are worried they are in too deep, wrestling with a dilemma between cold, hard economic truths and the kind of flight of fancy that led them to buy the club in the first place … There is something wrong when Sullivan, in attempt to clarify West Ham’s situation, fills his column in the match programme with a stream of consciousness … and then feels the need to give a second interview to clarify his clarification’.