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J.Riddle 1:15 Tue May 1
West Ham owners won't sell up until 2023

Another 5 years! I hate to think what will be left of the club by then.

If they want £800m that's a profit of approx £450m for Sullivan and £250m for Gold will be more in 5 years 1bn+++?

C&P C&H
West Ham Vice-Chairman Karren Brady’s own website values West Ham at £800m which if true would mean that the owners would need to pay the state London stadium owners nearly £120m if they sold before 2023.

If the owners sold up before March 2023 a calculation within the concessionaire agreement is used to work out how much is paid back to the taxpayer. If the club is sold for £125m or less then no tax is due, 7.5% tax is due if the club is sold between £125m & £150m, 10% tax due between £150-£200m & 12.5% tax between £200-£300m with anything above £300m costing 20% in windfall tax. Like income tax, the calculation has an accumulative effect.

This means a £800m sale would mean a windfall tax of £119.3m paid to the public sector owners of the London Stadium.

Sullivan and Gold own 86.2% of the West Ham United shares meaning their share of the windfall tax would be just under £103m.

If the club is sold after March 2023 then no windfall tax is due to the London Stadium owners.

Takashi Miike 1:23 Tue May 1
Re: West Ham owners won't sell up until 2023

that'll keep that old cunt southon going spewing his pro board bollocks, i bet he's delighted with this news

ChesterRd 1:36 Tue May 1
Re: West Ham owners won't sell up until 2023

Hopefully they will both be dead by then. Greedy cunts

JohnnyL 2:03 Tue May 1
Re: West Ham owners won't sell up until 2023

Cheers ,, thanks ! There was me hoping i would be around when they go.

Lily Hammer 2:21 Tue May 1
Re: West Ham owners won't sell up until 2023

Any potential buyer should knock them down in price for how much it costs to convert the stadium to match the promises of being a proper football stadium.

East Auckland Hammer 2:44 Tue May 1
Re: West Ham owners won't sell up until 2023

Well, doesn't this news just brighten your fucking day.

Westham67 2:54 Tue May 1
Re: West Ham owners won't sell up until 2023

Fucking hell 800 million. A Chinese fella bought A C Milan for 840 million

arsegrapes 3:04 Tue May 1
Re: West Ham owners won't sell up until 2023

67,tbf can't compare Milan and London with next level transport links. Our only hope is if some Arabs pay the £800m and throw in another £120m to cover the governments share.

Westham67 5:01 Tue May 1
Re: West Ham owners won't sell up until 2023

arsegrapes .So the price is out there 920 million. I pray to Allah. God and Buddha that someone bits out club.

Westham67 5:03 Tue May 1
Re: West Ham owners won't sell up until 2023

*buys .predictive text strikes again

Mike Oxsaw 7:36 Tue May 1
Re: West Ham owners won't sell up until 2023

I don't actually believe that West Ham are "the product" that the board are pushing any more.

I am more and more inclined to think that what they are actually selling is Premier League football at the Olympic Stadium, and West Ham are just the bait they have to hand with which to attract "the stars" of other clubs, and hence mop up the casual and semi-casual followers of the top 6/8 teams.

Survival in the top division each season is all that is required to achieve that.

Sven Roeder 8:00 Tue May 1
Re: West Ham owners won't sell up until 2023

I thought it was before that but it’s obviously a date they have ringed in the calendar.
As a result the only way they will go is to force them out.
No renewals and constant abuse.
At the ground, away from the ground. Everywhere.

Keep dreaming 8:14 Tue May 1
Re: West Ham owners won't sell up until 2023

If that's their valuation, they will never get it sold.
Another couple of years, rooted in the middle of the championship they would be lucky to get 200m

BRANDED 8:54 Tue May 1
Re: West Ham owners won't sell up until 2023

Tweny twenny three
Its gonna beeee
Oooo baby
The year to be happeeeee

RBshorty 9:49 Tue May 1
Re: West Ham owners won't sell up until 2023

Well it’s on C&H and it’s what they would like. So take it with a large pinch of salt.

RBshorty 9:58 Tue May 1
Re: West Ham owners won't sell up until 2023

And by 2023 there’s no way we would still be in the Premiership under these spivs.!

Thames Ironworks 9:58 Tue May 1
Re: West Ham owners won't sell up until 2023

And who do you think they will sell to? A 21 yr old Jack Sullivan.

We have our own Kim Jong-Un waiting in the wings.

greenie1 10:10 Tue May 1
Re: West Ham owners won't sell up until 2023

Kim Jong-Un - LOL.

DJH 10:35 Tue May 1
Re: West Ham owners won't sell up until 2023

I think they will do well to find a buyer willing to pay over £100m when you factor in the problems with stadium and the constant vulnerability of our Premier League status, makes far more sense for an investor to buy someone like Charlton or even Millwall for a fraction, either do up their stadiums or move them to near the Dome, invest in their squads to get in the Premier League and probably still have change from GSB seem to want.

My view no one will want to buy us unless we hit rock bottom and are basically given away as I cannot see what worthwhile return we give to an investor, it makes far more sense for the current owners to retain the club and continue to profiteer from their minuscule investment in club, only a prolonged absence from the Premier League gravy train will see them leave.

The moment the club starts costing them money and they have to dip into their own wealth rather than Sky's, sponsors, fans, etc they will be gone.

COOL HAND LUKE 10:55 Tue May 1
Re: West Ham owners won't sell up until 2023

Attitudes are REALLY hardening towards them now, and not just within the fan base.

We'll have them out LONG before then, and they will be glad to go...

ornchurch ammer 10:57 Tue May 1
Re: West Ham owners won't sell up until 2023

Why do you think that Sullivan said in interview recently that he would give it another 5/6 years to turn the club around and sell up up if he couldn't manage it?

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