David Sullivan and David Gold are increasing their stake in West Ham and the supporters can now buy shares.
Sullivan and Gold put shares on offer to supporters
West Ham co-owners David Sullivan and David Gold are increasing their stake in the club and offering supporters the chance to buy shares.
The duo put £20million into the Hammers when they purchased half the club from Icelandic bank Straumur in January.
This injection did stave off the threat of administration and they are now turning to the fans as potential part-owners.
"We are in the process of increasing our ownership from 50 per cent to 60 per cent by buying another 10 per cent from Straumur. This will inject a further £4million in to help cover the shortfalls in the finances over the summer," Sullivan wrote in his programme notes ahead of Sunday's game against Manchester City.
"We hope to find other investors who want to buy some of the club and thereby inject further funds.
"In a few months' time we are considering a general shareholding where supporters can buy shares in the football club. Every penny raised would be used to pay off debts and buy new players.
"We are confident that over the coming years we'll deliver a side that gives our great supporters what they deserve.
"The current team and management know that what they have delivered was below the expectations at the start of the season and we simply have to do better next time.
"I really believe that the Premier League in the 2010-11 campaign will be stronger than in the season that has just finished, so let's not under-estimate the task we all face as supporters.
"When you choose to spend your money at your club it is right you want something back."
After a tough campaign at Upton Park the West Ham co-owners are thought to be targeting five or six signings to strengthen the squad this summer.
