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."