The Price Of Relegation - What If?
Mike Ashley claims relegation cost Newcastle £40million, and West Ham are facing up to the prospect of hitting the Premiership trap-door. The Hammers 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 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 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: "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. "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." Toon defender Danny Simpson said he never feared Newcastle would be relegated. Danny Simpson: “None of us thought we were going to go down, but to definitely be safe is a relief. “We needed to pick ourselves back up, because if we’d lost today and other teams had won it would have still looked a bit risky going into the last two games with Chelsea on Sunday. It was important we got to that 44 points now. “After last weekend we were so disappointed. It was the way we got beaten. A few things got said afterwards. Just because we got to 41 points, the season wasn’t over. “At 2-0 (against Birmingham) we were cruising, but the goal we conceded was quite soft. “That’s what’s frustrating. It’s not like somebody’s picked it up from 25 yards and blasted it into the top corner. It’s just little errors. “That’s good because it means we can stop it. When you look at the tapes, you can stop those errors in the future. “At 2-1, even though they had 10 men, you’ve got to be wary, because with a set piece or a long ball, before you know it, it could be 2-2. “We kept our discipline and maybe should have got a couple more in the second half. It didn’t happen, but the main thing is we didn’t concede any more goals."
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