Sullivan and Gold increase Hammers stake

Sullivan and Gold increase Hammers stake

Published May. 25, 2010 6:11 a.m. ET

Sullivan and Gold, who previously owned Birmingham, bought the Hammers from financially-stricken Icelandic group CB Holdings in January. Today they have both increased their share of the club from 25% to 30% at a cost of £8million, with £4million going to CB Holdings and the other half to the club. Sullivan said in a statement on the club website, www.whufc.com: "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 £4million to increase our shareholding to 30% each."

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