Tuesday, May 10, 2011

West Ham - Worst Debts in Britain

David Sullivan says that West Ham are in a "worse financial position than any other in the country."

Sullivan claims that if West Ham are relegated then the club will need up to £40 million of bail out loans just to stay afloat.

"All the debts are football or bank debts secured on the stadium and training ground so there is no route via administration. West Ham really is a club where the football and bank debts exceed the value of the club."

"Should the worst happen, we will have to inject loans of £20m-£40m, depending on circumstances, which will probably never be repaid. I don't believe the supporters realise the potential real cost to us."

6 Comments:

At 10:32 AM, Anonymous Anonymous said...

Yeah well maybe they should've done something to get us out of this mess when they had the chance! A change of management in January & we would be sitting in the top half of the table!
I totally blame the 3 stooges 100% They knew Grant wasn't up for it but were too tight to pay him off!
The Brum fans were right!

 
At 10:53 AM, Anonymous Anonymous said...

The only good thing about going down is to see the spunk twins lose their ill gotten gains

 
At 11:34 AM, Anonymous robohammer said...

Bet they buy the balance of the club for nothing though when we go down. Is it me being cynical but in their normal well thought out manner are they talking the club's position down for their own long term gain?

 
At 4:48 PM, Anonymous Anonymous said...

Is He f@@KING serious he thinks we don't realise how bad it is, does he think we are stupid.
Sullivan and his cronies have stood back and watched this club go tits up.
How the F@@k did they ever make a success in business, there has been to many mistakes, not acting on the situation we are in, not getting rid of Grant before it was to late.
I have been spending my hard earned cash watching West Ham for around 40 years and I think this is the worst set of players I have ever seen Saturday was a bloody joke.
Yes I am pissed off and am I going to travel from my home in Lincolnshire to watch us play Barnsley!!!
No Mr Sullivan I f@@king Ain't
Bob the Hammer

 
At 5:04 PM, Blogger Fans said...

This comment has been removed by a blog administrator.

 
At 8:32 PM, Anonymous Anonymous said...

well if you had put in 40 million in january things would have been totally different so tough shit

 

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