Thursday, June 18, 2009

Straumur Given Six Months

Kyel Reid has signed for Sheffield United. Reid was out of contract at West Ham and has now joined the Blades on a two-year deal.


Icelandic bank Straumur, who have a 70% stake in the new owners of West Ham United, have been given a six-month reprieve by the Icelandic courts. This means the bank have another six months suspension of payments to creditors.

The Guardian say that should Straumur be wound up it would have serious implications for West Ham. So, it looks like we have about six month's breathing space for now.

3 Comments:

At 9:53 PM, Anonymous Anonymous said...

Can anyone point me to good article(s)that try and explain further The Hammers current financial and ownership situation...as I am feeling a bit jittery about the future for the club...should I be? Thanks. Glenn.

 
At 7:49 AM, Anonymous Anonymous said...

Agreed. very worrying. sooner the club can be sold the better . almost as if the club has to live with the potential for a 10 point deduction if worse came to worse

 
At 10:40 AM, Anonymous Anonymous said...

we are west ham fans..... a 10 point deduction would just be another feather in our roller coaster cap lol. (in case people have been living under a rock flick though a copy of nightmare on green street.... good read!) anyway just sit back and enjoy the ride i guess!

 

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