Revealed: The £127 million cost of selling West Ham

23 September 2020

West Ham
Photo: PA Images West Ham owners David Gold (left) and David Sullivan (right) with vice-chairman Karren Brady pose in front of the Olympic Stadium in London in february 2011 after the Hammers were officially named as the preferred bidder to take over the Olympic Stadium.

 Owners David Sullivan and David Gold face paying huge rebate to the Government if they sell the club before 2023.

Covenants relating to move to former Olympic Stadium tie the pair to levies in event of club sale.

West Ham reported to be subject of interest from US consortium, but club deny any bid or that Hammers are for sale.

CEO Karren Brady puts £800 million valuation on Hammers.

James Corbett corbett@offthepitch.com

West Ham’s owners David Gold and David Sullivan face a levy of up to £127 million if they sell the club in the next 30 months.

Amidst speculation that the Hammers have been subject to two takeover bids from an American consortium in recent weeks, offthepitch.com can reveal covenants relating to West Ham’s 2016 move to the London Stadium mean Gold and Sullivan are liable for huge rebates to the government if a deal is concluded before March 2023.

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