West Ham accept ?85m takeover bid

Discussion in 'England' started by b0o, Nov 21, 2006.

  1. b0o

    b0o DYC Squad Backup player

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    <div class="quote_poster">Quote:</div><div class="quote_post">West Ham have announced they have accepted Eggert Magnusson's ?85m takeover bid for the club.

    Magnusson's consortium have secured agreements to buy 83% of shares and the Hammers' board have recommended the offer to remaining shareholders.

    Magnusson will replace Terry Brown as West Ham chairman, although Brown will stay on at Upton Park as a director.

    Brown said: "The offer reflects fair value considering our history, recent performance and prospects."

    Brown added: "Eggert Magnusson is fully committed to ensuring the club can continue its great tradition of success both on and off the field, to the benefit of supporters and the wider community."

    Magnusson said: "I am both delighted and honoured that Terry Brown and his colleagues wish to support our offer for West Ham.</div>BBC SPORT | Football | My Club | West Ham Utd | West Ham accept ?85m takeover bid

    Whats your thoughts on this deal?
     
  2. SoilBorn

    SoilBorn DYC Mr. Rock 'n' Roll

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    Finally an owner more ugly than Glazer.

    Either way, better than the dodgy Israeli bloke with Abramovich/Berezovsky ties.
     

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