Majority shareholder David Sullivan makes financial pledge about the future of West Ham after the club announced annual financial results.
West Ham announced a net loss before tax of £26.9m, a decrease of £38.4m from the loss of £65.3m in 2019-20.
That was not unexpected, though, given that the pandemic saw games played almost entirely behind closed doors for more than a season.
West Ham’s turnover was up, though, thanks to increasing broadcast revenues.
Sullivan and fellow co-owner David Gold – alongside vice-chairman Karren Brady – have polarised opinion among West Ham fans over the years.
Many have been critical of the trio with a large group of fans protesting for them to leave over a prolonged period.
The upturn in fortunes on the pitch at West Ham has quelled some of the ire towards the owners.
And so too has the arrival of Czech billionaire Daniel Kretinsky as the second biggest stakeholder.
Many Hammers fans are feeling more enthusiastic about the future with Kretinsky on board.
Although credit must also be given to Sullivan and Gold for bringing back David Moyes and handing over total control of the football operation to the Scot, which has arguably been the biggest factor towards West Ham’s success over the last two years.
Many supporters hope Kretinsky – who has access to over £700m cash each year to use solely for investments – will one day complete a full takeover.
And speaking on the club’s official website, Sullivan made a financial pledge about the future of West Ham which will be reassuring for supporters.
Sullivan says recent investment from Kretinsky should give the club ‘much reason to be positive and confident about further progress in the right direction’.
“The 2020/21 season was another unique and challenging year for West Ham United – as it was across football – but we can again be extremely proud of the way everyone here has come together to ensure the club has continued to make excellent progress on and off the pitch,” Sullivan said on whufc.com.
“I would also like to thank our loyal and passionate supporters who, despite not being able to attend the vast majority of matches last season, gave the club such magnificent support from afar, and were rewarded by being able to return for the final game of the 2020/21 campaign to watch us secure a sixth-place finish and qualification for the UEFA Europa League.
“Since then, we have been delighted to see the return of full stadiums on a regular basis and, with the recent investment into the club helping to strengthen the long-term stability of West Ham United, we have much reason to be positive and confident about further progress in the right direction.”