West Ham debts make Sullivan think twice about investing in Upton Park

13 October 2009 16:10
David Sullivan admits he love to get involved with West Ham United after selling his half of Birmingham City. But the 60-year-old fears the level of debt at the Hammers - the club he supported as a boy - is too high for him to invest at Upton Park. Sullivan hopes to be back involved in football within the next year, possibly in partnership with David Gold once again. The pair recently stepped down at St Andrew's after selling their stakes to Hong Kong businessman Carson Yeung. Sullivan told Sky Sports News: 'I think David will want to stay in football. Like me he could be involved with another club within six to 12 months, maybe sooner.' When asked whether that could be together, he added: 'There is a strong possibility but not a certainty. 'David might want to buy his own club or join with me. All the balls are in the air.' But Sullivan is not sure whether now is the right time to buy West Ham. 'West Ham is a club close to my heart, a club I supported as a boy, a club I would dearly love to be involved with,' Sullivan said. But he added: 'From an outsider looking in - and I did say this two or three years ago - the Icelandic people, when they arrived, had a model that just didn't work. 'The debts that appear to be at West Ham seem absolutely huge. 'I'm not sure I could face what is going on there but West Ham does need help and it does need help very quickly. 'They are in the bottom three of the Premier League, they have got all sorts of problems. 'I hope someone gets involved in that club in the next week or next month or two, otherwise West Ham could be in the Championship or bust, or both. 'At the moment I have done nothing and I would quite like to have a month or two off because football is very stressful and West Ham would be very stressful for whoever gets involved.' Sullivan, along with chief executive Karren Brady, left Birmingham once it was confirmed Yeung's takeover was going through. Gold stayed on in the hope of remaining as chairman during the transition but Yeung wanted to bring in his own people. Sullivan feels that deprived Gold of a proper farewell. 'We had a departure but David hasn't really had that and that's very unfair,' he said. 'But as one door shuts another one opens and you never know what is around the corner.'

Source: Daily_Mail