BBC Sport football

IN ASSOCIATION WITH

Related BBC sites

Page last updated at 14:43 GMT, Tuesday, 19 January 2010

David Gold's rags to riches life

By Heather Driscoll-Woodford
BBC Surrey

David Gold
He started his business career helping his mother sell buttons

New West Ham joint-chairman David Gold's life has been a textbook case of rags to riches.

Brought up in humble surroundings in London, he started his business career helping his mother sell buttons from a market stall outside their house.

He was the driving force behind the Ann Summers brand, turning the idea into a multi-million pound venture.

Now as a former owner of Birmingham City, Gold and his business partner David Sullivan have bought a 50% controlling stake in West Ham.

THE 60 YEAR WAIT FOR WEST HAM
David Gold

His family button business started in the East End on an outdoor stall but soon moved indoors into the front room, where David helped run a card and sweet shop.

His first independent job was as a bricklayer but he soon moved to a bookstall in Charing Cross.

It was while working here, he noticed the books with more risque content sold better than the others, and increased the price accordingly.

This realisation took him into the world of publishing and print.

He successfully took over the Ann Summers brand, which is now overseen by his daughters Jacqueline and Vanessa.

Gold was the chairman and co-owner of Birmingham City FC until he and Sullivan sold the club to Hong Kong billionaire Carson Yeung in October 2009.

The sale ended their 16-year tenure at the club.

The West Ham deal announced on 18 January has been done in Sullivan's name but he and Gold have been named as joint-chairmen.

Gold says he has waited almost 60 years to take over the club.

FROM RAGS TO RICHES
Money

He told the BBC he is "absolutely delighted" to be returning to his roots, as he can see the house where he was born, 442 Green Street from the Upton Park Grounds.

So the £50m purchase price was probably well spent in his view.

And as he has been named seventh on the Surrey Life Rich List, and with family assets, is worth a cool £300m, he can afford to do a little shopping every now and then.

He is chairman of Gold Group International, which includes his retail, aviation, publishing and property business and also holds a pilots licence.

He lives in Caterham, with his partner Lesley, in his restored Victorian mansion which sits in 55 acres of landscaped grounds, which includes a self-designed golf course.

The estate also boasts a heli-pad and a runway for his private jet.



Print Sponsor


see also
Gold & Sullivan take over Hammers
19 Jan 10 |  West Ham
Gold & Sullivan move for West Ham
09 Dec 09 |  West Ham


related internet links:
The BBC is not responsible for the content of external internet sites

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.