Tuesday, May 10, 2011

West Ham United committed to Olympic Stadium

West Ham have 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.

Vice-chairman Karren Brady said: "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."

She added: "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.

"Whatever division we are in, David Sullivan and David Gold have guaranteed that the club will meet all its financial commitments.

"West Ham United is a well run business that has planned for every contingency and, within 12 months, the club will have been streamlined to be in a far stronger financial state that it is now."


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