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Joorabchian Buys Time for West Ham Takeover

It would appear that at the end of the day, West Ham manager Alan Pardew didn't get what he wanted: the club's takeover situation has not been solved and the board has granted Iranian businessman Kia Joorabchian more time to amass $150 million for a takeover bid. Nor did he quit: "I absolutely did not threaten to resign in any shape or form," Pardew said after his meeting with the board on Wednesday. "I have a good working relationship with the board and we are working hard to turn the poor results around." In fact, Pardew is understood to be furious with the media speculation about his dissatisfaction with all the unrest at West Ham. He says he would not walk out if the club was taken over, he doesn't think it would be destabilizing, and he doesn't feel pressured into playing Joorabchian's Argentine pair, Carlos Tevez and Javier Mascherano. However, if Pardew does walk out of the club in the next few months, all of the above will be assumed to be true. Terry Brown, West Ham's chief shareholder, has made it clear that he wants to sell the club at the right price, but Joorabchian claimed that he simply hasn't had the time to finalize his plans, which he says were complicated by the death of his father. He has now been given a few more weeks to come up with the funds to mount a serious offer, but should the talks collapse, it would leave the future of Tevez and Mascherano in some doubt, because the players are owned by Joorabchian, despite the "permanent contracts" they signed with the club.

Read the whole story at The Independent »

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