West Ham United co-owner David Sullivan has warned that the club face possible meltdown if they are relegated from the Premier League this season.
Former Birmingham City owners Sullivan and David Gold recently took charge at Upton Park and have made it clear that finances at Upton Park are in a parlous state, with the size of player contracts a major concern.
Sullivan told The Sun:"It'll be Armageddon if we go down. It'll be worse than what's gone on at Newcastle United.
"I can't believe the contracts I've inherited. Every position is overpaid, whether in administration or on the playing side.
"Everyone at the club will be asked to take a salary cut in the summer.
"The club is in a mess and we all have to pull together. If we go down I can't even consider the situation."