Eggy Ousted

According to The Independent Eggert Magnusson will step down as chairman today and be replaced by owner Bjorgolfur Gudmundsson.

The Independent see this as a sign of Gudmundsson's ambitions for the club. They say he may also appoint his right-hand-man Asgier Fridgeirsson to the board, probably as vice-chairman. Gudmundsson is happy for a mid-table finish this year and there are no plans for major spending in January but there is money available for transfers in the summer and he wants the club to be challenging for a Champions League place soon.