West Ham Mortgage £60m of TV Money in Bid to Manage Debts: The Nightly EPL
West Ham United are rolling the dice that they’ll be in the Premier League next season by mortgaging the £60 million they expect to receive from TV revenue for the 2013-14 season to manage the club’s debts.
With Aston Villa beating Queens Park Rangers today, it looks very likely that Reading and QPR will go down alongside one team to be determined, so the Hammers should be safe. But with just 33 points — nine points away from the relegation zone — West Ham United should be safe.
West Ham have debts of approximately £70 million, so the £60 million up front from bankers in the British Virgin Islands will come in handy once West Ham’s safety in the league is assured. According to the article in The Mail, it’s believed that six other EPL clubs are doing the same deals to get money up front.
Here are tonight’s Premier League news headlines:
- West Ham mortgage £60m of TV money in bid to manage debts — The Mail
- Harry Redknapp says QPR need to win up to 5 of their remaining games to avoid relegation — BBC Sport
- Doctor Who actor Matt Smith says he is “embarrassed” to be a fan of struggling Blackburn — BBC Sport
- Aston Villa’s Ashley Westwood achieves a remarkable 91% completion rate vs QPR — Aston Villa
- Swansea face toughest Premier League run-in as Liverpool dream of ‘easy street’ — Sporting Intelligence
- Lee Hendrie speaks about how he went from multi-millionaire to bankrupt — BBC Sport
- Sir Alex Ferguson confirms Rio Ferdinand will join up with England squad after all — The Mirror
- Southampton fined £20k by FA after failing to control players at Norwich — Liverpool Echo
- England prepare to face San Marino, the team for whom the result does not matter — The Guardian
- Swansea City set to boost profile with pre-season trip to South Korea — Wales Online
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