Hammers' debts force Sullivan to think again
David Sullivan has spoken of his concern for West Ham United after preliminary talks over a possible takeover highlighted the club's desperate financial state.
Sullivan, a West Ham fan as a child, is looking for a new club after selling his stake in Birmingham City. But he has baulked at an asking price of £100 million considering the level of debt at Upton Park. He claims that the situation is so dire that the club's entire future is in question.
"The debts that appear to be at West Ham seem huge,'' Sullivan told the London Evening Standard.
"I'm not sure I could face what is going on there, but West Ham do need help and quickly. I hope someone gets involved in the next week or next month or two; otherwise they could be in the Championship or bust, or both.''
It could mean Sullivan and partner David Gold could be forced to look at other clubs.
"As one door shuts another one opens,'' said Sullivan. "West Ham is a club close to my heart, and I would love to be involved with them.''