Eurosport reports that English businessmen David Gold and David Sullivan have acquired a 50-per-cent stake between them in West Ham from Icelandic bank Straumur.
“We are West Ham fans, we have a seven-year plan to get them into the Champions League and turn them into a big club,” said Gold. “We hope we can persuade the government to let us move to the Olympic stadium which is in the same borough. It's a natural home for West Ham United.”
Sullivan and Gold are the former owners of Birmingham City, and they are being joined at West Ham by Karen Brady, the former managing director of Birmingham. A spokesman for Straumur put the value of the deal at £105 million.
The new owners have said one of their priorities is to get the club on a firmer financial footing. The club is in around £100 million of debt, according to Sullivan.
