Revealed: The £127 million cost of selling West Ham
23 September 2020
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.
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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