Tuesday, October 31, 2006

Friday Deadline for West Ham Takeover

Both The Independent and The Sun are today reporting that the consortium fronted by Kia Joorabchian is set to meet the Friday deadline imposed upon them by West Ham to launch its takeover of the club. According to The Independent the consortium will not be paying off the club's debts and both papers seem to think that Alan Pardew will be replaced.

The Sun claims that Terence Brown can expect a windfall of £27m and earlier reports suggested he would still maintain a position on the board and still be taking a hefty wage from the club.

Apparently the West Ham board have refused to hold any negotiations with, what looked to be, the highly creditable consortium headed by Eggert Magnusson.

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