• Over 1000 in Free Bets
    Best Free Football Bets! Take advantage of these amazing promotions while it lasts. Now you can bet with the finest bookmakers and get the best deal on the Net. [+]
  • Live Streaming Football Watch free live streaming football, horse racing, tennis, volleyball etc. as a customer of Bet365. Bet In-Play available while watching your favourite sports. [+]

Sullivan buys controlling stake in West Ham

David Sullivan has become West Ham’s majority shareholder after purchasing 25 per cent of the club.

Sullivan, along with David Gold, bought an equal share of the club in 2010. However, the 64-year-old has since purchased a further stake in the club’s holding company WH Holding Limited.

That gives Sullivan 55.6 per cent of the shares in West Ham and a controlling stake in the club, with former equal partner Gold remaining on 30.6 per cent.

Sullivan purchased the further shares in West Ham from former owners CB Holding. They retain a small portion of shares, but this is now reduced to just 10 per cent.

His move was part of a deal to restructure £25.5million of the club’s bank debts. According to the last published accounts, West Ham have total debts of £30.5m.

When contacted by OMNISPORT, West Ham declined to make any further comment relating to ownership of the club.

Fri 19 July, 2013
RSS Feed

Last 5 posts by SoccerNews

Buy Soccer Tickets Largest selection of premium soccer tickets for the Premier League, MLS, La Liga, Serie A, European Cups, World Cup etc. Click Here

Add your comment