Hammers still committed to Olympic Stadium switch

Computer-generated image of West Ham's new stadiumBy Simon Peach, Press Association Sport

West Ham today moved to calm fears over the club’s financial position by insisting relegation would have no impact on their move to the Olympic Stadium.

The Hammers are languishing at the bottom of the Barclays Premier League with just two matches remaining, and will be relegated if they lose at Wigan on Sunday.

Co-owner David Sullivan this week warned that outcome would be likely to cost him and David Gold up to £40million more of their own money to keep the debt-riddled club afloat.

Sullivan also said the east London outfit were in a “worse financial position than any other (club) in the country” and that administration was not a safety net because all their debts were football or banks debts secured on the stadium and training ground.

Despite Sullivan’s stark warning, vice-chairman Karren Brady moved this afternoon to quell speculation regarding the club’s financial plight and pledged their commitment to move to the Olympic Stadium after the 2012 Games.

Brady said in a statement released to Press Association Sport: “We are aware there is a lot of discussion about the finances of West Ham and how they may impact on our move to the Olympic Stadium in 2014.

“I felt it was important to reiterate our absolute commitment, financial or otherwise to the stadium move and to confirm that we have the resources in place to deliver the stadium transformation, as well as the legacy promises we have pledged to deliver along with our partners.

“We are totally committed to the move to the Olympic Stadium; the business case stacks up. We have always said that the move is not solely dependent on the club’s league status.”


Leave me a comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s