The headlines from new West Ham owner David Sullivan's press conference on Tuesday afternoon.
:: Sullivan has bought 50% of the club in a deal that values the Hammers at £105million, with David Gold installed as joint chairman and Karren Brady becoming vice-chairman.
:: Sullivan has an option to buy the remaining 50% from Icelandic bank Straumur, the previous owners, but is encouraging wealthy fans to invest, including Tony Fernandes, who was behind a rival takeover bid.
:: Sullivan values the club's debts at more than £100million after paying off some debt and injecting working capital. The debt comprises £50million owed to banks, £40million owed to other clubs and the settlement to former manager Alan Curbishley. The previous owners also borrowed against the next two years of season-ticket money.
:: Had Sullivan not bought out the club, they would have needed to raise £20million by the end of August to stay afloat. That included £8million this month and £12million in the summer transfer window.
:: Sullivan wants West Ham to move to the Olympic Stadium in east London after the Games in 2012 in a rental agreement with the Government. However, he is not keen on keeping a running track at the stadium.
:: Sullivan has "categorically" confirmed Gianfranco Zola will stay on as manager and will be able to bring in players this month.
:: Sullivan has a seven-year plan to get the Hammers into the Champions League.
