Tuesday, June 09, 2009

New Owners Good News & Bad News

The national newspapers can't make up their mind whether West Ham's takeover yesterday is good or bad news for the club.

The Sun claim that the takeover means that 'Zola has hit the jackpot'. They claim having new owners means that Zola 'can press ahead with a £15m raid for Inter Milan's attacking midfielder Jimenez'.

The Independent however say that the new owners may be forced into bankruptcy within 72 hours. The paper say that Straumur, who have a 70% share in CB Holding, 'is effectively bust, has a moratorium over its liabilities and must apply on Thursday to the District Court of Reykjavik for a six-month extension to that agreement.'

The Times claim that despite CB Holding claims that they are not looking to sell immediately, 'representatives have held talks with interested parties in the past week and a takeover could occur sooner rather than later.'


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