Monday, November 20, 2006

West Ham Sold

According to The Daily Mail Eggert Magnusson has completed the £105 million takeover of West Ham. The paper claim the deal will be officially announced to the Stock Exchange tomorrow morning.

Apparently the take over was unanimously agreed at a two hour board meeting this afternoon. The Icelandic consortium took control of 84 per cent of the club’s shares, including the 40 per cent family holding of chairman Terry Brown. The consortium will officially take charge of West Ham next week.

Magnusson has vowed to respect West Ham’s identity, saying:

"West Ham are a great club with a great history. They have a good manager with good players and a strong fan base. I have always had a soft spot for West Ham — their trademark for many years was good, attacking football, and that’s what I like.

It is also unbelievable how many good talents they have honed in east London."


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