Gold's future fears

West Ham co-owner David Gold says he fears that a Premiership club will go 'bust' in the future if action is not taken over debts.

Gold was speaking at a BBC debate to discuss football finances after Portsmouth went into administration last week and he claimed that clubs borrowing more money than they can afford was a form of cheating.
Gold, who along with David Sullivan is trying to put the Hammers back on a strong financial footing, said: "The Premier League's a great league, but we're seeing a chink in the armour.
"It's possible that more will go. Portsmouth have gone, imagine if next year one or two more go. I'm concerned. I fear for the league if we do not act."
"Going into administration I could almost live with but what I fear is that a club could eventually go bust. That's a great possibility and that would be a tragedy... for the fans.
"If one club is borrowing money beyond its means it's a form of cheating and that's why debt has to be addressed.
"Premier League clubs, in the main, say we run our clubs and don't interfere. But what about the fans? You can't take that attitude then find a club like Portsmouth going into administration."