Feed Me Chicken 5:05 Fri Aug 21
West Ham United - 18th richest club in the world
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https://www.google.com/amp/s/www.cityam.com/worlds-richest-football-clubs-2020/amp/
Sully has become a billionaire since owning the club, 60K in the stadium each week, pay fuck all for stadium costs
yet can’t afford to buy until we sell,
Where is the money going/gone?.........
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Replies - Newest Posts First ( Show In Chronological Order)
southbankbornnbred
4:17 Tue Aug 25
Re: West Ham United - 18th richest club in the world
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Vexed 3:49 Tue Aug 25
Re: West Ham United - 18th richest club in the world
Unfortunately we are 19168th on the competent owners list.
That genuinely made me laugh.
Like Johnson, my only issue is that I'm surprised we're that high.
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Westside
4:11 Tue Aug 25
Re: West Ham United - 18th richest club in the world
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Do you know if the club are paying them the interest, or is it just accruing for when they still up?
Both.
Interest has mostly paid out in cash, but £1.9 million (one year's interest) has not been taken, but accrued (at 31 May 2019). This could be taken at any time.
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Mike Oxsaw
4:02 Tue Aug 25
Re: West Ham United - 18th richest club in the world
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Nagel 10:53 Fri Aug 21
Bit like buying your own home then.
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Johnson
3:59 Tue Aug 25
Re: West Ham United - 18th richest club in the world
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That high?
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Vexed
3:49 Tue Aug 25
Re: West Ham United - 18th richest club in the world
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Unfortunately we are 19168th on the competent owners list.
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southbankbornnbred
3:22 Tue Aug 25
Re: West Ham United - 18th richest club in the world
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And I should clarify - I am aware that the owners HAVE put money into the club, in the form of the loans. But they will get that back when they sell and with interest.
They could just as equally gone to the banks to get that money as a loan. So, while we might have saved a bit on a lower interest rate, I still don't generally buy the idea that they have invested heavily in the club. They will get their money back - and then some.
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southbankbornnbred
3:18 Tue Aug 25
Re: West Ham United - 18th richest club in the world
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You wouldn't guess at all, would you?
We're 18th in the world by revenues - all down to the PL TV contract and our fans commitment, because the owners put little in - and yet we're often bumbling like a blind fool around 15th/16th place in the Premier League.
That is what any fans' movement should be using to stay on GSB's case day and night.
It is close to unfeasible that we could be the 18th biggest football club in the world by £ and yet continuously finish in the bottom half of our own domestic league. All that proves is that we're run by fools. The money to make us a far better club/side is already within and around the club - it comes from us.
We all know that, as fans, anyway. But the media should be crawling all over GSB with that. No trophy for 40 years (when the likes of Coventry, Wimbledon, Leicester and Oxford have won something), and sometimes finishing lower in our own league than our official global 'ranking' by £.
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Lertie Button
9:50 Sat Aug 22
Re: West Ham United - 18th richest club in the world
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You'd never fucking guess
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Nagel
10:53 Fri Aug 21
Re: West Ham United - 18th richest club in the world
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Animal, the money they've gained from interest on their loans doesn't come near to the amount they've put in. They won't make a profit until they sell, simple as that.
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Nagel
10:43 Fri Aug 21
Re: West Ham United - 18th richest club in the world
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Mad Dog, don't be silly. I didn't say they were doing it for anyone but themselves. Fact (FACT) is they won't actually make a profit on their investment until they sell
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Briano
10:42 Fri Aug 21
Re: West Ham United - 18th richest club in the world
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Will tell
Honest con men indeed
This is what happens when you pitch hard nosed street fighters up against Newham council CIvil servants..they spotted this deal 20 years ago
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geoffpikey
10:23 Fri Aug 21
Re: West Ham United - 18th richest club in the world
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I can never stop supporting West Ham United.
But I am being pushed to my limits.
18 th globally!?
Yet the current shitshow regards 17th in the domestic league as an achievement.
Fuck off..the people at the top are INCOMPETENT
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Willtell
10:11 Fri Aug 21
Re: West Ham United - 18th richest club in the world
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I really don’t like GSB but fairs fair. Massive incompetent cunts but they are honest con men....
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jim@chickenrun
10:00 Fri Aug 21
Re: West Ham United - 18th richest club in the world
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Great, We've ruined this great club ,disinfranchised the best fans in England,moved from our home to a shopping centre in the middle of fucking nowhere...all to be the 18th richest club in the world!
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Animal
9:26 Fri Aug 21
Re: West Ham United - 18th richest club in the world
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Mad dog -
Do you know if the club are paying them the interest, or is it just accruing for when they still up?
I don't know the answer but if it is the latter, I suppose you could argue that AT THE MOMENT they arent making a profit out of the club
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Mad Dog
9:01 Fri Aug 21
Re: West Ham United - 18th richest club in the world
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Nagel 5:23 Fri Aug 21
Re: West Ham United - 18th richest club in the world
None of the owners have made a profit out of the club
HA HA HA HA HA HA HA HA HA HA
Utter (UTTER) bollocks.
They're hardly doing this for their loyalty. How much interest did they charge on the loans for a start?
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geoffpikey
6:27 Fri Aug 21
Re: West Ham United - 18th richest club in the world
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This is probably wrong maths in the article, but even so...
I have no words left for GSB inc. Horrible, horrible, cunt greedy people. They have ruined a worldwide famous football club. AGAIN!. It is so angering...and sad.
Onwards! With David Moyes! FFS.
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RBshorty
6:15 Fri Aug 21
Re: West Ham United - 18th richest club in the world
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Maybe the 18th richest. But selling their new Kit at a 20% discount. Tells you all you need to know about the owners.
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rumford
6:12 Fri Aug 21
Re: West Ham United - 18th richest club in the world
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* seasons
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rumford
6:08 Fri Aug 21
Re: West Ham United - 18th richest club in the world
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Nigel 5:23 Fri Aug 21
You are right they are failures and we would all like to see the back of them.
.I suppose you could call Joe Lewis [spurs owner] a sugar daddy but until the pandemic he has never his own money in to the club.Its more about revenues now
.We may well be 7th richest club in the premiership but the
gap in revenue between us and the top 6 varies between £300m -£400m and there is no sign that we are going to close that gap under these owners.In a few time we might be talking about a top seven as a club like Leicester seem going in the right direction.
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WHU(Exeter)
6:00 Fri Aug 21
Re: West Ham United - 18th richest club in the world
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Nothing wrong with the spending...I would agree to a point with that, if it wasn't for their interference with who we actually buy. I think Sullivan saying he suggests the odd name now and again to the manager is a big understatement.
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