'That would be crazy' - Stefan Borson shares David Sullivan-West Ham sale verdict
David Sullivan is unlikely to cash in on his remaining West Ham United shares despite stepping away from the club indefinitely.
That is according to former Manchester City financial adviser Stefan Borson, who exclusively told Football Insider that the Hammers are unlikely to lose enough money next season to trigger his exit.
Nuno Espirito Santo's side will be hopeful of winning promotion straight back to the Premier League, but nothing is guaranteed in the Championship.
The Hammers have already sold Mateus Fernandes for £85million, and while he will be missed on the pitch, his sale creates some much-needed funds at the London Stadium.
Daniel Kretinsky has now taken over as majority shareholder, representing a new era in East London, as Sullivan attempts to battle "factually incorrect and entirely false" historic allegations.
Now, rumours of Amanda Staveley, formerly of Newcastle United, coming aboard in the 77-year-old's place, with Sullivan expected to sell his shares.
Daniel Kretinsky unlikely to shake David Sullivan
It has gone extremely quiet behind the scenes, however, and that has left supporters disappointed, ones who have wanted Sullivan out for a long time.
Speaking exclusively to Football Insider, Borson said: "Now, we don't know if he's still got a Premier League value in his mind and he might do.
"He might look at it and go, 'Why would I sell now when the club's in the Championship when I believe the club are going to be in the Championship for one season?'
"You know, he might say, 'That would be crazy. Okay, it's not ideal that we got relegated, but financially it's not going to have a huge impact'.
"I saw this week that they've sold 42,000 season tickets so far. If that's true, financially, they're going to be okay.
"They're going to lose, let's say, £55million, probably. They could lose £55m on TV money, but they've probably got automatic wage cuts for the championship players.
"We could easily see the wage bill dropping the best part of £50m, especially because they've sold [Mateus] Fernandes and maybe they'll sell others."
Sullivan's worst signings at the London Stadium
It's tough to know where to start for West Ham's worst signings over the last 16 years. He's made some awful, awful mistakes in the transfer window.
Sebastien Haller, Simone Zaza, Nikola Vlasic, and more recently, Niclas Fullkrug, were all disasters, and very expensive ones at that.
His decision to let Tim Steidten loose in the transfer market was also one of his bigger errors, given that he also signed Luis Guilherme from Brazil.
For all the successes like Jarrod Bowen, Crysencio Summerville and Michail Antonio, there are probably double or triple the amount of signings that should never have happened.