5 Feb 2010West Ham United seeking professional investors

Football Clubs News | Football Finance News

West Ham United are looking for professional investors to boost the club's coffers following the recent takeover by David Sullivan and David Gold.

The English Premier League side announced that Shore Capital and Corporate have been appointed to oversee the fundraising drive, which will aim to generate between £20 million and £40 million.

Deputy chairman Karren Brady claimed that wealthy supporters of the club may be given the opportunity to invest in West Ham United at a later date.

"I would love to be able to bring in our loyal and fantastic fan base as investors further down the line, so that they can share in the club's great future," she commented.

Former Birmingham City co-owners Sullivan and Gold took control of the east London outfit last month, acquiring a 50 per cent stake in a deal that valued the club at £105 million.

Shortly after the takeover, Sullivan announced that level of debt at Upton Park had reached £110 million, including £40 million owed to other clubs.

Written by Terry Mitchell

© Copyright