• Club is expected to make pre-tax loss of £28.8m
• Co-owners Sullivan and Gold paid combined £2.9m in interest
Relegation from the Premier League is the greatest threat to West Ham’s financial wellbeing, according to accounts which reveal that the club’s expenditure on transfers, wages and improved training facilities contributed to an expected pre-tax loss of £28.8m during the last financial year.
The accounts for the financial year to 31 May 2019 also reveal that the co-owners, David Sullivan and David Gold, were paid a combined £2.9m in interest in August 2019 on their loans to the club and that a further £1m was paid to GGI international, a company related to Gold, in respect of a partial repayment of loan capital. As of 31 May 2019 the combined balance of unsecured loans advanced by Sullivan and Gold amounted to £45m.