Former Birmingham City owner David Sullivan and the Gold brothers would prefer to use the money they pocketed from the sale to buy West Ham. They grew up in the area and have an emotional attachment to the club. However, they are worried about the scale of the Hammers’ debts. These total around £100m with £45m owed to various banks, £19m to Sheffield United over the Carlos Tevez affair, £15m to other clubs for players, plus running losses of £20m this year. Their plan B is to go for former Premiership club Charlton now in League 1.
Former Birmingham City owner David Sullivan and the Gold brothers would prefer to use the money they pocketed from the sale to buy West Ham. They grew up in the area and have an emotional attachment to the club. However, they are worried about the scale of the Hammers’ debts. These total around £100m with £45m owed to various banks, £19m to Sheffield United over the Carlos Tevez affair, £15m to other clubs for players, plus running losses of £20m this year. Their plan B is to go for former Premiership club Charlton now in League 1. With good infrastructure in terms of The Valley and the training ground, plus a strong catchment area of support that has been well nurtured, they think that there is potential in the South-East London club.