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How West Ham Owners Are Free To Cash In On Olympic Stadium Deal

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Could make the football club’s wealthy owners even richer than previously thought – at the expense of the taxpayer.

As the Hammers prepare to play their first match at the largely public-funded £700m venue this week, new analysis by City A.M. has revealed the extent to which billionaire David Sullivan and co-owner David Gold, who is worth an estimated £350m, are free to cash in on the deal. Legacy chiefs, who negotiated the contract with West Ham, were sufficiently concerned that Sullivan and Gold might make a quick fortune by selling up soon after relocating to the iconic stadium that their lease contains provision to recoup a percentage of any sale price to the public purse.

The east London team’s 99-year lease has been described as “winning the lottery” by Arsenal manager Arsene Wenger.

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