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