• Premier League

West Ham debts increase to £77 million

ESPN staff
January 28, 2014
West Ham had a revenue of nearly £90 million when they finished 10th in the Premier League © PA Photos

West Ham have revealed that their net debt has increased to £77 million, and co-owners David Sullivan and David Gold have put £10.5m into the club to help them survive in the Premier League.

The figure Sullivan and Gold have loaned to the Hammers is now £45.7m. In the year ending May 31, 2013, West Ham had a revenue of £89.8m, but made a loss of £3.5m. The club are currently 18th in the Premier League.

"The board is determined to maximise the prospects of retaining Premier League status by making a significant investment in the playing squad," West Ham's vice-chairman Karren Brady said.

"The group benefited from excellent support from the major shareholders David Sullivan and David Gold who invested loans totalling £10.5million during the year."

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