Monday, April 20, 2009

Cold Water Poured on Straumur Deal

The BBC say that contrary to recent reports it is very unlikely that Icelandic bank Straumur will take over West Ham. The BBC say that Straumur is itself restructuring at the moment and at an effective business standstill.

The BBC then say that a 'football industry expert' has told them "It is only one of the options potentially on [the club's] agenda." (Eh, so it isn't unlikely then?)

The only other option for the present owner, Bjorgolfur Gudmundsson, seems to be to sell the club. It was reported at the weekend that two potential bidders, from the Middle East and Far East, have expressed an interest in buying the club.

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