More on West Ham United Football CLub here.

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'West Ham's finances will take a hit from relegation, however, with one expert predicting the club's debt will creep over the ?100m mark.

David Bick, chairman of Square 1 Consulting, says that the Hammers' descent into the Championship will cost them up to ?50m.

David Sullivan admitted last week that in the event of relegation, he and co-owner David Gold would have to raid their personal fortunes for between ?20m-?40m to keep the club afloat.

"The loss of income from relegation, and this figure factors in the parachute payments, will be between ?40m and ?50m net," he told the Press Association. "Apart from the loss of media money, there is bound to be a loss in season ticket income, hospitality and other matchday income.

"Given their current position with debts of ?80m, it would be impossible to raise finance from bank loans now. If the chairmen put in more money as loans rather than shares, that will only worsen the position. Sullivan has talked about loans of ?20-40m, so the debts could rise to ?100-?120m. That's a huge number for any club, but especially for a club in the Championship".'

Posted By: jafski on May 16th 2011 at 15:00:02

Message Thread

More on West Ham United Football CLub here. (Other Football) - jafski, May 16, 15:00:02
- And some insightful twatting here (Other Football) - norway, May 16, 15:05:52
  - Kinell... (Other Football) - jafski, May 16, 15:12:01
    - And... (Other Football) - jafski, May 16, 15:13:40
      - That must be coming from Hitzelsperger. (Other Football) - jafski, May 16, 15:16:11
        
        A bit wary of stuff like this too (Other Football) - pants, May 16, 15:19:09
        
        Smacks of the truth to me. That squad should never have gone down with a competent manager (Other Football) - jafski, May 16, 15:22:28
        
        When the rot has set in, I don't think anyone can stop it from happening (Other Football) - pants, May 16, 15:25:35
        
        True dat. (n/m) (Other Football) - jafski, May 16, 15:26:26
        
        Agree about the player power thing a little. Look at John Terry (Other Football) - pants, May 16, 15:28:33
        
        I think that's the point. Terry wouldn't have tried to dictate to a stronger manager. (n/m) (Other Football) - jafski, May 16, 15:34:37
        
        I guess that's why we've agreed the Maynard signing would be key for us (Other Football) - pants, May 16, 15:37:43
        
        I don't think Langbert would allow any player to try and take over like that. (n/m) (Other Football) - jafski, May 16, 15:43:28
        
        That's not Player Power, that's Cunt Power. (Other Football) - Arizona Bay, May 16, 15:32:13
        
        Even though I just questioned it (Other Football) - pants, May 16, 15:34:28
        
        ex Norwich, Super Scott. we resurrected his career we did. Scotty Come Home (n/m) (Other Football) - Old Git, May 16, 15:38:34
        
        Out of all the ridiculous salaries you could shell out (Other Football) - pants, May 16, 15:51:19
        
        At least he can get back to his day job of causing trouble for Dangermouse. (Other Football) - Arizona Bay, May 16, 15:24:39
        
        He do duttee? (n/m) (Other Football) - jafski, May 16, 15:26:38
        
        I do like Avram Grant though (Other Football) - pants, May 16, 15:33:05
        
        Karen Brady (Other Football) - Huge 5mal1, May 16, 15:48:56
        
        And fat, and has a moustache (n/m) (Other Football) - Old Git, May 16, 15:52:21

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