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West Ham Mortgage £60m of TV Money in Bid to Manage Debts: The Nightly EPL

boleyn ground 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:

The Nightly EPL is tomorrow’s news today. It’s often tomorrow morning’s British newspaper headlines that are published the night before. We do all the work for you, combing the Internet and aggregating the news for you. Read The Nightly EPL on EPL Talk every night before bed, so you can stay on top of all the news that matters.

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One Response to West Ham Mortgage £60m of TV Money in Bid to Manage Debts: The Nightly EPL

  1. Dust says:

    As a side, if the F1 coverage on NBC Sports is anything to go by, then the BPL is in great hands.

    Not one token American trying to relate indycar or NASCAR to formula 1.

    Just quality pundits that know the sport.

    I really hope the rumors of NBC experts being that above anything else is true. 723 Comcast soon to be the only station I watch

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