Filed: Friday, 16th November 2012
By: Staff Writer
David Gold admits that he'd be happy to bring a wealthy benefactor on board at West Ham - but only in the right circumstances.
United's septuagenarian co-owner purchased a 51 per cent share of West Ham along with business partner David Sullivan in January 2010. And although they recently extended their joint ownership of the club to more than two-thirds, Gold confesses that he'd be delighted to bring a third party on board.
However he warned that not everyone with access to vast financial sums would necessarily be fit for purpose.
"I'd like a very wealthy person to come and join us," he told a tabloid newspaper. "Of course, I’d welcome a Father Christmas. But then you look and discover that it might not be the real Father Christmas.
"And you know why? Because there isn’t a real Father Christmas; he doesn’t exist. In an ideal world, though, if you ask what I’d like to see happen, I would like a very wealthy person to come and join us.
“David [Sullivan] and myself are wealthy by normal standards but not by football standards. We would be reluctant to sell the whole football club because we feel part of it.
"It’s taken us a lifetime to earn enough money to return to our roots and we won’t give that up lightly. We’re doing our best but it would be that much easier if there were three of us."
In order to purchase West Ham, Gold and Sullivan sold previous club Birmingham City to Asian businessman Carson Yeung. The Hong Kong tycoon in now trying to sell the Championship club for half the figure he paid for it having seen his business empire collapse.
It was a similar situation at West Ham five years ago when Icelandic businessman Bjorgolffur Gudmundsson nearly destroyed West Ham when the banking collapse wiped out his £2.3billion fortune almost overnight - a scenario that Gold is keen to avoid revisiting.
"When we sold Birmingham we thought that, under those people, Birmingham would probably win the Premier League within a few years. But it all turned out a bit unfortunate," he added.
"In football, there is no certainty. There’s also the danger that when you think you’re passing a club to a super-wealthy person that it can all evaporate, as happened at Birmingham and other clubs. There’s that great danger here as well."
But should West Ham eventually find that elusive benefactor - the search for whom would no doubt be enhanced by a move to the Olympic Stadium - Gold believes that West Ham could challenge the very best.
"We’re not going to be a top four club straightaway," he admitted, "but one day it’s possible, if there is a super-wealthy West Ham fan who wants to come and join the club. That could change things for us.
"For now we have to do the best we can within the areas of our ability. To grow the club and, fingers crossed, get to the Olympic Stadium which could change our whole image [and] help us attract better players. But it all boils down to income and we have to generate more.
"Arsenal doubled theirs by moving and Manchester City - even before Sheikh Mansour bought the club - doubled their income by moving to a stadium that they didn’t buy, but rented. It can be done."
Red Bull executive dismisses West Ham link [5th Jan 2017]
Red Bull? That's news to me, says Gold [27th Dec 2016]
A load of (Red) Bull [26th Dec 2016]
An open letter to the West Ham board of directors [21st Dec 2016]
Former Hammers boss set for City role [14th Dec 2016]
'So when we said 272m...' [14th Dec 2016]
Magnusson - I'll never understand how West Ham lost Tevez case [12th Dec 2016]
In brief - Thursday's news round-up [8th Dec 2016]
Ferdinand, Ogbonna, Sullivan & Bilic: Tuesday's news [6th Dec 2016]
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by Tell it how it is Charlie!
03:17PM 16th Nov 2012
''The trouble is there is very limited cups you can win every season. I´m not sure that money alone is the guarantee for success as it once was (Jack Walker, Blackburn). Man City with all their spending have hardly set the football world on fire. They were very lucky to win the Premier League last season. It´s a shame that with all these rich owners football is no longer affordable to the massive. Perhaps instead of looking at more money being injected strict wage structures put in place?
Why not invite the likes of Barcelona/Inter Milan/Bayern Munich to play one season in the Premier League with one English club going into the other league?''
02:46PM 16th Nov 2012
''I still wonder why Tony Fernandes did not come on board. If he really is a Hammer why would he go it alone with QPR? I know its early days, but he has got to be asking himself why he never got round the table and joined the Davids?''