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
Report: Arsenal Leads EPL with 900 Injuries in 12 Seasons    
According to a report from PhysioRoom.com, which monitors sports team injuries, Premier League giant Arsenal has ...
Underdog BATE Bounces Back Against Bilbao     
Despite losing its opening game to FC Porto, 6-0, underdog BATE Borisov found itself right back ...
Bayern Bosses Slam CSKA's Empty Stadium     
Bayern Munich coach Pep Guardiola admitted there were few benefits to playing in an empty stadium ...
Diego Costa Ready to Play for Spain, Despite Mourinho     
Diego Costa on Wednesday declared himself fit to play for Spain despite club coach Jose Mourinho's ...
Totti: Man City's Tweet Inspired Me to Score    
AS Roma captain Francesco Totti claimed that Manchester City brought him luck by referencing him prior ...
PSG Tames Barca in UCL Thriller    
Paris Saint-Germain might finally have what it takes to win the UEFA Champions League, coach Laurent ...
The case for more female coaches in youth soccer    
Nicole Farley, who coaches at Southern California's Laguna United SC and Dana High School, says "I ...
Nasri to Miss a Month Following Surgery     
Manchester City midfielder Samir Nasri will miss a month after having groin surgery over the weekend. ...
Herrera Out as Man United Injury Crisis Worsens    
Manchester United midfielder Ander Herrera will be out for "weeks" with a fractured rib in yet ...
Giroud Signs Gunners Extension    
Goal.com reports that injured Arsenal striker Olivier Giroud has signed a two-year contract extension with the ...
>> Section 2 Around the Net Archives