West Ham United are pleased to release the club's accounts for the year ending 31 May 2011.
In his chairman's statement, Joint-Chairman David Sullivan said: "Given the very challenging position of being relegated from the Premier League in May 2011, I am pleased to report an operating profit of £6.8m after many years of the club posting operating losses.
"We remain strongly focused on our turnaround plan for the club and despite the financial environment, as these accounts disclose, my co-chairman, David Gold, and I invested £3m by way of shareholder loans in the year ended 31 May 2011 on top of our investment in buying shares in the club.
"David and I have undertaken to continue to provide all the financial support necessary to give the club the best possible chance of achieving promotion. We have invested £29m by way of a combination of equity and loans in the last 18 months and we are likely to have to invest in the region of a further £30m in the current season, demonstrating our real and tangible commitment to the club."
Fans wanting to view the report can do so by clicking HERE.
In his chairman's statement, Joint-Chairman David Sullivan said: "Given the very challenging position of being relegated from the Premier League in May 2011, I am pleased to report an operating profit of £6.8m after many years of the club posting operating losses.
"We remain strongly focused on our turnaround plan for the club and despite the financial environment, as these accounts disclose, my co-chairman, David Gold, and I invested £3m by way of shareholder loans in the year ended 31 May 2011 on top of our investment in buying shares in the club.
"David and I have undertaken to continue to provide all the financial support necessary to give the club the best possible chance of achieving promotion. We have invested £29m by way of a combination of equity and loans in the last 18 months and we are likely to have to invest in the region of a further £30m in the current season, demonstrating our real and tangible commitment to the club."
Fans wanting to view the report can do so by clicking HERE.