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Sullivan, Gold buying up more West Ham shares

West Ham United co-owner David Sullivan is making a killing in his buy up of club shares.

The Guardian says Sullivan and his co-chairman at West Ham United, David Gold, have increased their stakes in the club by more than 5% each over the past month.

In building his stake to 30.6% from the 25% Sullivan had held since the former Birmingham City owners' part takeover of the Upton Park club, he has spent only a little over £2m.

In the latest stake-building exercise the 61-year-old has not spent even half of the £4.165m he received for the 4.9% of the club's shares he sold to Bjorgolfur Gudmundsson in November 2006.

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