Kieran Maguire has dropped a damning claim on West Ham United’s owners and co-chairmen David Gold and David Sullivan.
The ‘football finance guru’ has been speaking to Football Insider to share his thoughts on the fact that Gold and Sullivan have charged West Ham over £18m on a loan interest since taking over the club in 2010, which Maguire previously revealed on Twitter in mid-January.
What has Maguire said about Gold and Sullivan’s actions?
Maguire has explained that Gold and Sullivan are making “a very good return” and “benefiting slightly more than the club” are from this arrangement before he went on to state that he finds it “strange” that the Irons owners choose to do this, especially given that “Sullivan is a billionaire in his own right.”
Indeed, according to the Sunday Times’ Rich List, Sullivan is worth £1.15bn and Gold is worth £460m, so, as explained in this report and alluded to by Maguire, it certainly doesn’t seem like there is much need for them to be charging their own football club interest on a loan, as they do.
The finance expert went on to state that this “doesn’t reflect particularly well” on the duo, revealing that “even Mike Ashley doesn’t do that” and that’s despite the fact that the Newcastle United owner has become largely unpopular with fans of the Toon for various reasons during his tenure up in the North East club.
Transfer Tavern take
So, with Maguire comparing the Irons owners and co-chairmen to another unpopular Premier League club owner and explaining that they are taking advantage of their club in a way that not even he has done, that surely can’t be comforting news for Irons supporters.
Are Gold and Sullivan worse than Mike Ashley?
As a result, perhaps this claim will do little to ease the tensions that have arisen between Irons fans and the club’s ownership in recent years.
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