Writing on the BBC Sport website, Stone said: “West Ham’s owners David Sullivan and David Gold will make seven-figure payments back to their landlords at the London Stadium as a result of Czech billionaire Daniel Kretinsky’s purchase of a 27% stake in the Premier League club.
“BBC Sport understands West Ham have submitted all the details of the Kretinsky transaction and as a result Sullivan and Gold will make a payment of ‘several’ million pounds to E20, who run the loss-making stadium.
“It was revealed in documents released on Companies House this week that the contract also contains a ‘put and call agreement’ that gives Kretinsky, through his 1890 holdings s.a holding company and his EP Investment Sarl investment company, an option to buy the Hammers for a set price should Sullivan and Gold decide to sell the remainder of their stake in the club.
Sullivan and Gold hit in the pocket.
Now, given that the Irons are now valued at £700million, we can’t imagine that Sullivan and Gold will be too bothered about this latest news because they will make a lot more back when they sell the club.
Certainly, it seems as if this was a calculated risk, and they might have to pay a bit now, but they should make that back and then some in the near future.
Of course, Gold and Sullivan are unpopular with many Irons fans, and we can imagine that some will find this news very funny, but they have allowed outside investment that should lead to a much brighter future.
Yes, they are going to profit massively from the Irons, and they already have in many ways, but at least they seem to be on the way out.
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