West Ham's co-owner David Sullivan said today that he and David Gold are likely to have to inject loans of £20m-£40m to keep the club in business should they be relegated from the Premier League at the end of the season. The club is already carrying about £80m of debt and although the co-chairmen have said they will sell heavily from the first-team squad, Sullivan believes the departures of most international players will not be enough to satisfy the banks.
Sullivan went further and said that in his opinion West Ham United's financial position was the worst in English football.
http://www.guardian.co.uk/football/2011/may/09/david-sullivan-west-ham-relegation
Apologies for linking to this grotty left wing rag, but it was the first link to the story I could find.