Gold and Sullivan take over West Ham
- Tuesday, January 19, 2010, 12:51
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David Gold and David Sullivan have taken over West Ham in a deal valuing the club at £105 million, according to reports.The deal was completed late on Monday night with the BBC reporting that the former Birmingham City owners have taken a 50 per cent share in the club. Much of their stake comes in the form of taking on a share of West Ham’s debts, thought to be around £70 million.
The duo will reportedly bring a transfer kitty of around £8m for manager Gianfranco Zola to use in January, while they will also bring former Birmingham chief executive Karren Brady in as the club’s vice-chairman.
Gold and Sullivan have been actively pursuing the Hammers deal since completing the sale of Birmingham to Carson Yeung in November.
Their main competition for a deal came from Lotus F1 chief Tony Fernandes, who revealed on his Twitter page on Monday night that he had pulled out of the race.
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