Current West Ham United co-owners David Gold and David Sullivan have increased their stake in the club to 60% believed to have cost them £8million.
The pair bought a 50% stake in the club from Icelandic group CB Holdings in Januray, and have now increased their personal stake from 25% to 30%.
Half of the £8million will go to the Icelandic group CB Holdings while the other half will go to the club. This is a welcomed move for West Ham United as it is believed that this could now help stabilise the club.
Co-owner David Sullivan had the following to say “We have a long-term intention of increasing our shareholding, while we have also invited professional investors to share in our vision for this special club. We are committed to putting West Ham on a firm financial footing that will form the basis, we hope, for success on and off the pitch.”