Monday, November 08, 2010

Relegation "Would Be Simply Horrific"

Speaking to The Evening Standard last week David Sullivan said that West Ham's debts have been reduced from over £100 to around £85 million. However Sullivan warned that despite the reduced debts the club would struggle to survive relegation,

"The debt is around £85m currently. It's difficult because you're in negotiations with banks who have vetoes and if you do certain things you're in breach and they can call in the debt. They've been as supportive as they can but they don't work for West Ham, they act for their shareholders.

All the time the debts have come down but we've had lots to cope with. For example, before we came the club took two years' season-ticket money up front so we've had to roll that for another year.

We've still got players on contracts which really aren't sustainable. Also there were no options on players so when the contracts run down you lose them. Some are on such money that we can't afford to renew on their existing terms.

If we get relegated the financial implications would be simply horrific and I would feel I have failed."

11 Comments:

At 9:12 PM, Anonymous Anonymous said...

Any other news from last week?

 
At 1:21 AM, Blogger Dawldanga said...

Good post

 
At 6:47 AM, Anonymous Oliver said...

...and a Merry Christmas to you all.

Oh the joys of being a West Ham fan! At least we have long evenings of warm, sunshine and a healthy economy to cheer us up!

 
At 7:15 AM, Anonymous Anonymous said...

Once those 2 clowns bought the Club, there was only ever be 1 outcome!!

 
At 10:35 AM, Anonymous Anonymous said...

9.12 -ARE U A MORON IN DISGUISE OR JUST A PINPRICK

7.15- ARE U THICK OR ARE U THE SAME IDIOT WHO WANTS TO SELL UPSON AND GET US RELEGATED ,YOU TOTAL NUMBNUT??

Without Gold and Sullivan,this club wud have already gone into administration and then been liquidated. The only outcome was that ever certain was that the club wud be totally stuffed once the Inept Icelandicks got their paws on it.

If u have nothing better to do than moan at the owners or moan at the editor for putting up news that u think is not current enough,then go take a long walk off a short pier. We don't need you. We don't like you. And if there were not laws against it,we would physically re-arrange your face. Or arrange for u to get a frontal lobotomy ,you time-wasting ,mindless ,benefit-taking mugs.

U are an embarrassment to the club. SHUT UP

 
At 11:38 AM, Anonymous Anonymous said...

10.35 charming as ever

 
At 11:45 AM, Anonymous Anonymous said...

10.35 - Time of the month?

 
At 11:46 AM, Anonymous Anonymous said...

@ 10.35 If our current owners hadn't bought the club, there's a good possibility Tony Fernandes would have. So why don't you shove your insults and other rubbish where the sun is not shining or go spout it on your own blog.

 
At 3:23 PM, Anonymous Anonymous said...

IT DOESN'T MATTER WHO BOUGHT US,THE TEAM ARE STILL NOT WINNING ARE THEY,ITS NOT THE OWNERS WHO PLAY ITS THE PLAYERS.

 
At 6:09 PM, Anonymous Anonymous said...

I wish some of our players would show as much attitude as some of the contributors on this blog!

 
At 8:45 AM, Anonymous Anonymous said...

Knobhead!! Not so sure of your £1000 fictional bets now I suspect!

 

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