Ownership of West Ham United F.C. shares from CB Holdings (owned by the Icelandic bank), after restructuring the debt of the club, leaving Straumur Bank with just 10%. In order to clear club debts before a move to the Olympic Stadium in 2016, in December 2014 David Sullivan announced the availability for sale of 20% of the club. The clearing of club debts, given in July 2013 as £70m, is pre-condition to moving to the Olympic Stadium. Ownership of West Ham United F.C. West Ham United F.C. is a football club based in London. It was founded in 1900 by Arnold Hills, owner of Thames Ironworks
Thames Ironworks and Shipbuilding Company Co. During its lifetime the yard produced 144 warships and numerous other vessels. In 1911 Hills petitioned Winston Churchill, then First Lord of the Admiralty, regarding the lack of new orders. He was unsuccessful, and the yard was forced to shut in 1912. Within two years the United Kingdom was at war with the German Empire, with the yard's last major ship taking part in the Battle of Jutland. Part of the company's Limmo Peninsula site was excavated during the construction of Crossrail in 2012. Employees at the Thames Ironworks formed a works football team, called Thames Ironworks Football Club.