David Gold and David Sullivan have increased their stake in West Ham United to 60 per cent.

Gold and Sullivan took control at Upton Park back in January when buying a 50 per cent from previous owners CB Holdings.

Both Gold and Sullivan held a 25% share each and they have now purchased another five per cent apiece to top up their stake in the club.

The deal has cost the duo £8million, with half going to CB Holdings and the remaining half put towards bridging the gap in the club's finances.

The two chairmen have a three-year option to buy the remaining 40% of CB Holdings' share in the club and Sullivan remains determined to put the Hammers back on a stable financial footing.

"Myself and David Gold are, like you, West Ham United fans and our aim is to ensure our club enjoys a stable and successful future," Sullivan told the club's official website.

"To this end, we have both invested a further £4m to increase our shareholding to 30 per cent each.

"We have a long-term intention of increasing our shareholding, while we have also invited professional investors to share in our vision for this special club. Also, in the near future we hope to extend to supporters the opportunity to invest in the club.

"We are committed to putting West Ham on a firm financial footing that will form the basis, we hope, for success both on and off the pitch."