Text  Larger | Smaller | Default

Leave vote will cost us, admits Sullivan


Filed: Friday, 24th June 2016
By: Staff Writer


David Sullivan has admitted that the result of the EU Referundum is likely to affect the club negatively.

Last Thursday the UK voted to leave the European Union. And according to West Ham United's co-owner, should the pound continue to fall in value any transfer deals involving European players could be adversely affected.

"There are going to be a lot of implications for the Premier League and football in general," said Sullivan on whufc.com. "If sterling continues to fall against the euro, players at European clubs will become more expensive so that impacts our buying power.

"Even at this present time, where we currently owe instalments to clubs who we have signed players from, we will also lose out if the value of sterling falls, but every club is in the same boat.




"I have seen reports that some big name players including Dimitri Payet would not have been able to secure their moves into the Premier League if we would have already left the European Union.

"[In the] long term players from the European Union will need to obtain work permits, but I have to stress that is a few years away."





Related News

   arrow   How a billion comes and goes [18th Jul 2019]
   arrow   Sullivan's £25million Bolton loan [12th Jul 2019]
   arrow   New contract for Snodgrass [2nd Jul 2019]
   arrow   Carvalho back in favour? [14th Jun 2019]
   arrow   Axed: Carroll, Nasri, Adrian and Martinez to leave [29th May 2019]
   arrow   Relegated! West Ham's owners in bottom three [24th May 2019]
   arrow   Hammers target improved Premier League position [21st May 2019]
   arrow   In brief - Tuesday's news round-up [21st May 2019]
   arrow   On-loan defender returns - to glowing praise [10th Apr 2019]
   arrow   £4million development opens [2nd Apr 2019]



Your Comments


Please note that this section is for comments relating to the above news item only. Any off-topic or abusive posts will be removed. Posts including either links and/or foul language are automatically filtered and will not be published. To engage in further discussion on any of our news stories, visit the KUMB Forums.

Not a member of the KUMB Forums? You may register for free membership here.

comments powered by Disqus
 
News Image




On This Day ...

One Year Ago
One World Cup and a British Open
It is of course a well-known fact that without the intervention of West Ham...more
Three Years Ago
Pearce backs Noble for England
Former Hammer Stuart Pearce believes that Mark Noble could finally be set to win his first England c...more
Five Years Ago
Allardyce hurt by Phoenix defeat
Sam Allardyce admitted to being disappointed by this morning's 2-1 defeat against Wellington Phoenix...more