West Ham chairmen increase their stake in the club

PUBLISHED: 13:08 27 May 2010 | UPDATED: 16:05 05 October 2010

during a photocall at Upton Park on January 19, 2010 in London, England.

during a photocall at Upton Park on January 19, 2010 in London, England.

West Ham co-chairmen David Gold and David Sullivan has increased their shareholding in the club five per cent each to take their joint ownership to 60 per cent

West Ham co-chairmen David Gold and David Sullivan has increased their shareholding in the club five per cent each to take their joint ownership to 60 per cent.

This increase means they have given up a further £8million of their own money with £4million going to buy the shares from CB Holding while the other half invested in to the club.

The former Birmingham owners bought half of the club from CB Holding back in January for £100m and at the time said they had the option to buy the remainder of the shares within three years.

The duo have taken the first steps to do this, while they are, like in the past, again encouraging others to get involved and co-owner Sullivan spelt out the positives on the club's website.

"Myself and David Gold are, like you, West Ham United fans and our aim is to ensure our club enjoys a stable and successful future. To this end, we have both invested a further £4m to increase our shareholding to 30 per cent each," he said.

"We have a long-term intention of increasing our shareholding, while we have also invited professional investors to share in our vision for this special club.

"Also, in the near future we hope to extend to supporters the opportunity to invest in the club. We are committed to putting West Ham on a firm financial footing that will form the basis, we hope, for success both on and off the pitch."

It is expected that Gianfranco Zola's assistant manager Steve Clarke will be leaving the club in the not too distant future.

Speculation has mounted that Clarke does not in fact get on with probable incoming manager Avram Grant as well as reported in the media and both parties are thrashing out a deal for the Scot to leave.

After negotiating a settlement for the remainder of Clarke's deal, West Ham hope to employ a new coach with the surplus of the funds available, had the former Chelsea man seen out his contract.

The Israeli is expected to take the reigns at Upton Park this Tuesday.

If you value what this story gives you, please consider supporting the East London Advertiser. Click the link in the yellow box below for details.

Latest East London Sports News


Leyton Orient chief executive Danny Macklin heaped praise on Tottenham Hotspur striker Harry Kane by terming him as a ‘first-class individual’


The International Cricket Council (ICC)’s recommendation of a temporary ban on using saliva to shine the ball could hand batsmen a significant advantage, claims Australia paceman Mitchell Starc.

Yesterday, 16:02

The 2019-20 Women’s Super League season has been brought to an end with immediate effect.

Yesterday, 13:00

Premier League clubs will vote on proposals for a return to contact training on Wednesday.

Yesterday, 12:00

With sport still shut down across most of the globe due to the coronavirus pandemic, why not test your sporting knowledge with another quiz?

Yesterday, 08:02

Professional sport has nudged a further step closer to a resumption after the government published ‘stage two’ of its guidance which enables competitive and close-contact training.

Saturday, May 23, 2020

England Boxing is set to launch a series of free 30-minute online mental health awareness sessions called ‘Box In Mind Bitesize’.

Saturday, May 23, 2020

Alan Martin contacted the sports desk with memories of when Leyton Orient met Arsenal in 1952.


The Government has announced an unprecedented package of support to protect jobs and support business across the UK during the coronavirus outbreak.

People working for a wide range of private companies have been standing side-by-side with public sector staff on the front line during the coronavirus outbreak.

The United Kingdom is pulling together as one, with people from all regions and all four nations of the country helping each other through the coronavirus pandemic.

Most read sport


A competition for wannabe writers has been started to add works to Canary Wharf’s ‘short story’ dispensers which are temporarily locked up by the lock down.

Digital Edition


Enjoy the
Docklands and East London Advertiser
e-edition today


Education and Training


Read the
Education and Training
e-edition today

Read Now

Most Read

Latest from the East London Advertiser