Wednesday, November 08, 2006

West Ham Bidders Inch Forward

The takeover consortium fronted by Icelandic businessman have begun inspecting the West Ham's accounts. Magnusson was given permission to conduct the process of full due diligence after a 'rival bid' failed to materialise. It is expected he may make a formal offer sometime next week.

Rumours also suggest that an anonymous American businessman is also interested in purchasing West Ham, but with a serious Joorabchian bid looking less and less likely these rumours might well be exaggerated in order to boost the Magnusson bid.

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