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Wednesday, 19th November 2008

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London club set to be sold for £100m



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Published Date: 10 October 2008
West Ham could be sold for just £100m.
The Daily Star report current owner Bjorgolfur Gudmondsson is ready to cut his ties with Upton Park following financial pressure from his native Iceland in turmoil.

Gudmondsson owns a 40 per cent stake in collapsed bank Landsbanki, which is being nationalised after running out of money.

The newspaper report that although Gudmondsson still has a huge personal fortune, he is looking for a way out of Upton Park after deciding he is no longer able to invest any more money in the club.

Two parties are said to be in talks with the Hammers, with one of them believed to be Indian businessman Anil Ambani, the sixth richest man in the world and the other group a couple of West Ham fans.





The full article contains 138 words and appears in The News newspaper.
Page 1 of 1

  • Last Updated: 10 October 2008 7:37 AM
  • Source: The News
  • Location: Portsmouth
 
 

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