West Ham Online

https://whuisc.com/FAB-meeting-minutes-260226.html

TLDR:

West Ham FAB Meeting (26 Feb 2026)Finances

•  The club reported a £104m loss for the 2024/25 season, worse than expected due partly to league position and reduced commercial income.
•  Shareholders are “willing and able to support the club financially.”
•  Under new Premier League rules, shareholders cannot give interest-free loans anymore. �

 Ownership
Shareholding structure:

• David Sullivan – 38.8%
• Daniel Křetínský – 27%
• Vanessa Gold – 25.1%
• Albert Smith – 8% � 
• Baroness Brady runs the club operationally, reporting to shareholders.

 Director of Football

•  The club currently does not have a Director of Football.
•  The club plans to reintroduce the role above the recruitment structure.
•  Supporters asked if this would still happen even if West Ham were relegated.
•  The club confirmed yes — they would still appoint a Director of Football even in the Championship. �

 Strategy & ambitions
 The club outlined its strategy:
 Targets

•  Consistent top-10 Premier League finishesEuropean qualificationDomestic cup runs
•  Fans challenged whether ambitions had dropped since the move to the London Stadium.
•  The club also highlighted:
•  £630m spent on transfers in six years
•  14 straight Premier League seasonsstrong academy productivity. �

 Ticket prices

• Fans asked for a two-year price freeze.
• The club said prices will likely rise slightly due to operational costs.
• West Ham claim their cheapest season ticket (£345) is the lowest in the league.
• No change to the controversial Club Cash refund policy. �

 Stadium issues

•  No immediate plan for railed seating in lower tiers due to cost.
•  The club plans to replace the home/away dividing wall with a Perspex barrier (subject to approval).
•  Safety issues raised around gangway stewarding. �
•  Matchday experience changes being considered
•  Possible family stand consultation
•  Atmosphere-based seating sections
•  Loyalty point incentives for cup matches.

 Women’s team

•  No women’s match at London Stadium this season due to stadium hire disputes with E20.
•  The club may pursue arbitration. � 

Fan discipline

•  Fans facing bans should be able to view evidence against them.
•  The club will review its evidence-sharing process. � 

Other developments

•  Junior Supporters’ Board will be replaced by a Youth Council.
•  Attendance figures debate: club reports tickets sold, not actual turnstile entries.
•  A “living history” project will record supporter stories. �

El Scorchio" wrote: ↑13 Mar 2026, 16:21 I don't get why the 'wall' perspex or otherwise has to be next to our fans and not the away fans. Let them get penned in.

Also comical how they point to our outlay on transfers as some sort of thing to be proud of. It's the opposite. It's embarrassing.

Bow_Bells wrote: ↑13 Mar 2026, 16:19 Fair play to the FAB making that statement in Other Business.Bet that made them squirm.

I don't get why the 'wall' perspex or otherwise has to be next to our fans and not the away fans. Let them get penned in.

Also comical how they point to our outlay on transfers as some sort of thing to be proud of. It's the opposite. It's embarrassing.

Fair play to the FAB making that statement in Other Business.Bet that made them squirm.

Like the traitors in Parliament...it's all about avoiding the questions by spouting bollocks.
 

Targeting consistent top 10 Premier League finishes is just a meaningless soundbite in isolation. 15 of the 20 clubs will target a top 10 finish with the other 5 teams targeting survival. That's impossible so without a very detailed plan including how to overtake named rivals for this target year-on-year, you may as well just target being champions for the next million years in a row.

Given those results any CEO with integrity would resign

None of those objectives will be met without the club being recapitalised via a share issue of additional share capital
Lets say £1bn which means Sullivan would take up £388m & the other shareholders their proportion 
Any shareholder unable or unwilling to do so should  sell up
In fact Sullivan who has mismanaged the club appallingly should sell up. As should the others who are just passive investors who add no expertise or gain to the club operationally