- Premier League
West Ham debts increase to £77 million
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."