We had to beat off Manchester City, Chelsea and Arsenal to keep Reece Oxford on a long term deal. dg pic.twitter.com/ML9XSNeKoh— David Gold (@davidgold) September 13, 2015
“David Gold has said Reece can become a West Ham legend and that is what this place needs,” said Westley. “We need a catalyst to change it. That is why the determination to keep him at 16 was so great.
“The value of a 16-year-old now is greater than a second-year pro. As a club we already had the player.
"Manchester City, Chelsea, Arsenal wanted him and the value was ridiculous. We have to give them so much so young just to keep them. You haven’t got a choice.”
Oxford made the headlines earlier this season following his astonishing Premier League debut for the Hammers.
The 16-year-old started the London club’s opening Premier League game of the season against Arsenal away from home last month
The teenager was one of the best players at the Emirates Stadium, as Slaven Bilic’s side won the encounter 2-0.
Oxford gave a calm and composed performance in midfield, had a 94% pass accuracy, and made two interceptions, two clearances and three blocks.
The youngster retained his place in the Hammers’ starting line-up for the Premier League clash against Leicester City at the Boleyn Ground, but he failed to repeat his heroics of his previous game.
Oxford, who can also feature as a central defender, played the final 16 minutes of the Premier League encounter against Liverpool at Anfield before the international break.