Hammers announce fundraising plan

The Hammers were bought by former Birmingham owners David Sullivan

and David Gold last month with reported debts of around

£100million. Sullivan acquired 50% of the club in a deal

valuing it at £105million, becoming chairman. Former

Birmingham chief executive Karren Brady also joined the Hammers as

deputy chairman. West Ham have approached Shore Capital and

Corporate to conduct the fundraising, which is initially aimed at

professional investors but may be opened up to fans at a later

date. Brady said: “Although this fundraising is initially aimed at

professional investors, 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, on and off the

pitch. “This is an option which we have seriously under review.”