West Ham: co-chairman David Sullivan becomes the club's major shareholder

David Sullivan, co-chairman of West Ham United (10^th in the Premier League in 2012/13) since 2010 has become the club's major shareholder after increasing his share by 25% to 55,6% on the 03/07/2013. The operation follows a £25.5m (€29.5m) restructuring of the club's senior debt.

English businessman David Sullivan took over West Ham on the 19/01/2010 with David Gold, jointly buying a 50% stake in the club, valued at £105m (€121.2m), from asset management company CB Holding. In May 2010, Sullivan and Gold acquired an additional 10%, costing £8m (€9m), increasing their shareholding to 30% each. They further increased their respective shares up to 30.6%, on the 09/08/2010.

David Sullivan, 64, made a fortune in the adult entertainment industry, the sporting press and real estate. His fortune was estimated to £600m (€698m) in 2008.

Before taking over West Ham in 2010, David Sullivan and David Gold were previously joint-chairmen of Birmingham City FC (Championship in 2013/14) between 1993 and 2009, when they handed the club over to Hong Kong businessman Carson Yeung.