Great statement by David Gold as G&S explain how hard it is to compete with the big boys. They go on to say:
“We realise we have to buy better, spend more money. It’s a gradual process. It’ll take time to build the team. Hands on hearts it is very hard to compete with the likes of Chelsea and Manchester City, who have external benefactors.
“It is hard to compete with the guy who owns Abu Dhabi and doesn’t pay any tax. It is difficult to compete with Roman Abramovich, who owns half of Russia.
“Manchester United is a very special club. It is hard to match those three but over time we hope to close the gap. Our ambition is still to finish third or fourth in the table.
“We put £32m in last year. As David Gold says though ‘I have 150 shops not 150 oil wells’. I didn’t earn £16m last year, so I am now spending my savings.”
“For a club of our size we spend big money. If we spend £12-14m on a player this summer, in three years we may spend £30-40m. We have a number of targets but it’s about spending wisely.
“West Ham is a community club, you have to remember that. It’s not all about winning with West Ham. It is about giving back, about getting people in at affordable prices and playing the right way.
“It’s a difficult balance but we hope season by season it’ll get better. But really it’s about who spends most on wages and transfer fees and it is hard to buck that trend for more than one or two seasons.”