Saturday, November 04, 2006

West Ham Takeover

At the risk of seeming obsessed by the potential takeover of West Ham here is another posting on the subject gleaned from an article in The Guardian today.

Basically The Guardian claims that the hold up in the takeover is due to the outstanding fees still to be paid for Ashton and doubts over whether Barclays is willing to transfer the club's debts to the new owners. This seems to support last week's rumours that the Joorabchian consortium will not clear West Ham's debts if they take over. The paper also claims that the consortium will not substantially increase the transfer fund if they are successful in their bid.

However The Guardian says that the takeover is still likely to proceed and should be finalised next week.

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