Sunday, March 15, 2009

Compensation Puts Off Potential Buyers

The Observer claim that an English-led group are thinking of buying West Ham for £100m. The group intends to provide manager Gianfranco Zola with a "serious" ­transfer fund of £30m, while rolling over club debts now approaching £50m. However, with the cost of paying off ­Sheffield United set to take up a quarter of the total investment, sources close to the potential buyers are not confident they will complete the deal.

West Ham say they do not expect the club to change hands until the summer and that the Sheffield United settlement is for £15m over five years, with an ­additional bond of £5m to be met by any new owner.


The News of the World claim that Kevin McCabe has been in contact with one of West Ham's potential buyers but doesn't say why. Presumably it would be to talk about how the new owners would want to stage the compensation payments. The News of the World say a bond has also been lodged, which means West Ham will pay out a sum to Sheffield United on a sliding scale between £5 and £10m when the club is sold.


The Sunday Mirror claim West Ham have been given until the end of the week to settle a £3.5m compensation claim by Sheffield United players. Lawyers, acting on behalf of the 18 Sheffield United players demanding compensation for lost earnings, have told West Ham that they have until Friday to settle the matter or face another High Court battle.

5 Comments:

At 12:06 PM, Anonymous Anonymous said...

i wondered how long it would take before the rest of the parasites jumped on the band wagon ! wa****s ! the lot of them !!

 
At 5:40 PM, Anonymous Anonymous said...

a disgrace to football!!! they should have a 30 point deduction on the sole fact that they are a disgraceful bunch of donkey c**k suckers!! hope this all comes round to bite them big style on the ar*e!!!

sorry...rant over

 
At 8:21 PM, Anonymous Anonymous said...

lost earnings. more like failed footballers.
cudn t happen to a nicer criminal than chris morgan

 
At 9:14 AM, Anonymous Anonymous said...

HaHaHa hope you cheating lot fucking love playing your gay football in the car park when your shit ground is sold to build a Tescos. HAHAHAHA love it give us ya money!!!

 
At 11:12 AM, Anonymous Anonymous said...

we dance on your northern industrial third world sheffield sewer 365 days a year .

15 mill and u still don t sing

15 million ? if u get 150 million u won t stay up in the premiership next season. if u even get there.

biggest rathole in the UK

luton?

nah

 

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