David Sullivan & David Gold increase stake in West Ham United to 60 per cent

10 per cent increase in joint stake...
West Ham United chairmen David Sullivan and David Gold have increased their joint stake in the club to 60 per cent, which is a 10 per cent increase in their joint holdings.

Both Gold and Sullivan increased their holdings by five per cent each to take their individual stake in the club to 30 per cent each.

The shares were purchased from CB Holdings for a sum of £8 million, with half of that money going towards the club.

"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," Sullivan said on the club’s official website.

"To this end, we have both invested a further £4m to increase our shareholding to 30 per cent each.

"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."

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