Title: Egghead leaves West Ham
Cripps - December 13, 2007 12:44 PM (GMT)
Breaking news on SSN
Hes stepped down as chairman and sold his stake.
Well that didnt last long
Hes stepped down as chairman and sold his stake.
Well that didnt last long
White Magic - December 13, 2007 12:47 PM (GMT)
So what does this mean for West Ham exactly?
Gunnersclaus - December 13, 2007 12:48 PM (GMT)
Oh dear. :haha:
Rkane - December 13, 2007 12:50 PM (GMT)
Thought you were talking about Freddie when I saw the headline.
White Magic - December 13, 2007 01:04 PM (GMT)
| QUOTE (Rkane @ Dec 13 2007, 12:50 PM) |
| Thought you were talking about Freddie when I saw the headline. |
:haha:
Rkane - December 13, 2007 02:35 PM (GMT)
http://news.bbc.co.uk/sport1/hi/football/t...utd/7142408.stm
Not as bad as first thought.
S hit
:thumbdown:
Not as bad as first thought.
S hit
:thumbdown:
Coneyule - December 13, 2007 03:09 PM (GMT)
I'm sure he is the Mekon.
Ach - October 8, 2009 12:02 AM (GMT)
| QUOTE |
| EGGERT MAGNUSSON is secretly plotting to make a shock comeback as West Ham's new owner. The Hammers' non-executive chairman Andrew Bernhardt, who only took over in June, is already aware of Magnusson's interest in an Upton Park return. The man dubbed Eggy by fans took most of the blame for West Ham's financial nightmare. Yet the Icelandic biscuit baron feels that he is a scapegoat. He believes the real blame for the club's meltdown lies with former owner Bjorgolfur Gudmundsson, whose Icelandic banking empire collapsed in the recession. Gudmundsson was part of a buyout in November 2006, which saw Magnusson become a minority stakeholder and installed as chairman. But that era turned sour following the downturn and Gudmundsson was forced to hand over control to a holding company, CB Holdings, who now want to sell as club creditors grow increasingly impatient for their money. Magnusson retains a deep fondness for West Ham and is prepared to step in and 'rescue' them - but at nowhere near the current £100million price tag being touted. The club is also talking to two other rival groups - one from Asia, the other American. CB Holdings are largely owned by Icelandic bank Straumur, of which Bernhardt is a senior director. Magnusson, 62, is a former president of the Icelandic FA and still lives in London. |