Source: Team_Talk
New Irons owner fears 'Armageddon'
The Hammers were bought by former Birmingham owners Sullivan and David Gold last month with reported debts of around £100million.[LNB]Sullivan acquired 50% of the club in a deal valuing it at £105million, becoming chairman, while ex Birmingham chief executive Karren Brady also joined the Hammers as deputy chairman.[LNB]As the new regime discover the full scale of the Hammers' financial position, Sullivan is concerned for the club's future if Gianfranco Zola's side fail to beat the drop.[LNB]"It'll be Armageddon if we go down. It'll be worse than what's gone on at Newcastle," Sullivan said in The Sun. [LNB]"I can't believe the contracts I've inherited. Every position is overpaid, whether in administration or on the playing side.[LNB]"Everyone at the club will be asked to take a salary cut in the summer.[LNB]"The club is in a mess and we all have to pull together. If we go down I can't even consider the situation."[LNB]West Ham face Sullivan and Gold's former club at Upton Park on Wednesday night.[LNB]Gold said in The Sun: "I was at Birmingham City for years but I really want to give them a good whacking.[LNB]"After 17 years at Birmingham, I think we know how to run a football club, I am certainly a lot wiser than when I first started.[LNB]"All I need now is for the team to start winning. Wednesday night will do for starters."[LNB][LNB] West Ham v Birmingham To Win Both Halves: West Ham 6/1
