Belfast Telegraph

Sullivan increases Hammers stake

David Sullivan has purchased a controlling interest in West Ham after increasing his stake in the club to 55.6 per cent.

Sullivan and co-chairman David Gold had been equal partners since taking over the Barclays Premier League club in January 2010.

But Sullivan recently purchased an additional 25 per cent share from CB Holding, the firm which had controlled West Ham on behalf of Icelandic banks after former chairman Bjorgolfur Gudmundsson was declared bankrupt.

Sullivan's investment is part of a £25.5million restructuring of the club's debt.

The club's official website shows that Gold still owns 30.6 per cent of WH Holding Limited, the club's parent company, and CB Holding's stake has been reduced to 10 per cent.

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Popular

From Belfast Telegraph