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Karren Brady, who had also played a significant role in turning around City’s fortunes, joined the Hammers as vice-chairman.
On the day the takeover was confirmed, an emotional Sullivan said: “It's going to take time to sink in.
There is no other club we would want to be at so for us we have come home and that's what it's all about." Within five months the Sullivan and Gold duo pledged a further commitment to the club and on they increased their stake to 60% (Sullivan with 30%).
Vice-chairman Karren Brady later explained the move gave the football club "the much-needed stability." because the ‘cupboard was left bare’ by its former Icelandic owners.
It was built by Ashby and Horner to Sullivan's design in 1992 and set in around 12 acres (49,000 m2) of land, at a cost of £7.5m for the land and building.