Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Icelander Succeeds in West Ham Takeover
BBC Sport, November 21st, 2006 8:55PM

MOST READ

MOST COMMENTED

The West Ham takeover saga looks to be over, as the club's board has accepted a $161 million takeover bid from a consortium led by Icelandic businessman Eggert Magnusson, who replaces Terry Brown as club chairman. The group is believed to have assumed West Ham's debt of $42 million, though that wasn't revealed in the official announcement. Magnusson said the consortium is buying what it sees, which is West Ham United at Upton Park, though it would explore the possibility to move into London's Olympic Stadium after the 2012 games, if given the opportunity. In his statement, Magnusson also backed the embattled Alan Pardew to continue as West Ham manager. "Last season was a great year and I fully believe [Pardew] will help me take West Ham to the next stage," he said. "It is clear in my mind that there will be funds available for the manager in the January transfer window." With the Icelanders in charge, the future of Javier Mascherano and Carlos Tevez now looks uncertain, the BBC notes. The Argentine pair was brought to East London by Kia Joorabchian, an Iranian businessman who owns a significant stake in both players. Since their arrival, they've played sporadically while West Ham's form has slumped. Many thought the arrival of the talented duo was a precursor to Joorabchian taking over the club with a consortium of investors from Israel and Iran. Now that those plans have unraveled and the Argentines' aren't seeing much playing time, don't expect them to be around much longer. Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
New York passes goal-anchoring law    
New York Governor Andrew Cuomo has signed a bill late that requires the state to come ...
Gervinho Tries to Smuggle Woman into Italy     
Apparently, AS Roma and Ivory Coast forward Gervinho tried and failed to smuggle a woman onto ...
Report: Wilshere Out Two-Three Months     
The Guardian on Monday reported that Arsenal midfielder Jack Wilshere, who went off injured in the ...
Enrique: Messi to Play Different Positions for Barca    
Lionel Messi will be used both as the main striker as well as a wide forward ...
Valcke: FIFA's Reputation is Damaged    
FIFA general secretary Jerome Valcke on Tuesday acknowledged that it could take "years" to rebuild FIFA's ...
Ribery Rips FIFA's Ballon d'Or     
Bayern Munich winger Franck Ribery expects teammates Arjen Robben and Manuel Neuer to miss out on ...
Pellegrini: Aguero 'One of the Best in the World'    
Manuel Pellegrini hailed hat-trick hero Sergio Aguero for rescuing Manchester City's UEFA Champions League hopes with ...
Mourinho Hails 'Complete' Chelsea     
Jose Mourinho hailed the 'complete' performance of his players as Chelsea sealed first-place in Group G ...
Report: Real Beats Barca to Promising Youngster    
Real Madrid has beaten Barcelona to the signing of promising youngster Marco Asensio, in what Spanish ...
Guardiola Hopes Messi Stays at Barca     
Bayern Munich coach Pep Guardiola said he hopes "with all my heart" that Lionel Messi ends ...
>> Section 2 Around the Net Archives