West Ham co-owners David Sullivan and David Gold have increased their stake in the Premier League club to 60%.
Sullivan and Gold bought the Hammers from Icelandic group CB Holdings in January. They have both increased their share of the club from 25% to 30% at a cost of £8 million, with £4 million going to CB Holdings and the other half to the club.
Sullivan and Gold made public the scale of West Ham's financial problems following their takeover, putting a £110 million figure on the club's debts.
CB Holdings still owns 40% of the club but Sullivan and Gold have a three-year option to buy those shares while they have also been seeking external investment.
The club also revealed the £4 million received in today's deal will "bridge the gap" in the Hammers' finances.
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