Zola reassured over sales

12 June 2009 01:52
West Ham United's new owners have reassured fans that Gianfranco Zola will not have have to sell any of his star players this summer. CB Holdings took control of the club this week and new non-executive chairman Andrew Bernhardt is upbeat about the financial state of the Hammers. The club's former Icelandic owners were beset with financial difficulties which led to suggestions of an Upton Park firesale this summer. Earlier in the year, the likes of Matthew Upson, Robert Green, Scott Parker, Dean Ashton and Carlton Cole were all reported to be on their way out of the club. "No business likes to have debts but, with a £100million turnover, increased TV revenues and a focused commercial operation, the club is on a sound financial footing," Bernhardt told the club's official website. "The wage bill has been reduced and the settlement agreed with Sheffield United is budgeted for. "I can assure fans that Gianfranco absolutely does not have to sell any players for financial reasons and new players will be arriving in the summer to augment what is already a strong playing staff. "We totally support his philosophy of following the West Ham tradition of bringing young players through, as well as investing in new talent where appropriate. "But we also believe the club should not spend more than it earns and thus increase the debt. It simply isn't necessary when you have such a talented management team and pool of up-and-coming young players. "It seems pointless to invest in West Ham United's world famous academy if you are then not going to use the players you have nurtured and developed."

Source: ESA

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