€114m the price of failure for Hammers

WEST HAM’S relegation from the Barclays Premier League will push the club’s debt past the £100 million (€114m) mark, according to a football finance expert.

David Bick, chairman of Square 1 Consulting, states that the Hammers’ descent into the npower Championship will cost them up to £50m (€57m).

David Sullivan admitted last week that in the event of relegation, he and fellow co-owner David Gold would have to raid their personal fortunes for between €23-€46m to keep the club afloat.