The Face Behind the New Bid

The man behind the second takeover bid of West Ham is Icelandic businessman Eggert Magnusson. He is a former owner and CEO of an import/export and bread and biscuit manufacturing company. He is also president of the Football Association of Iceland (KSÍ), and a former president of Valur Reykjavík (1984-89).

Yesterday Magnusson hit back at suggestions from the Joorabchian camp that his bid was a 'red herring' ,

"I would not be wasting my time if we were not serious and whatever comes out at the end, we are serious now."

However a Magnusson bid may not be as ready as The Guardian has been suggesting, as the Icelandic businessman also added,

"We have shown an interest but there is some way to go. We need to see everything before we make a bid. West Ham are a great club, backed by fantastic support. I am a football man and this is about football, nothing else."