Fridgeirsson: ‘BG looking at all possibilities to sell West Ham United’
November 18th, 2008 | 
Author: Hansa, the holding company of English football club West Ham, requested a moratorium (permitting temporary suspension of payments) yesterday. Björgólfur Gudmundsson, former majority owner and chairman of Iceland’s Landsbanki bank, is the majority owner of Hansa.
According to Ãsgeir Fridgeirsson, vice-chairman of the board of West Ham and spokesperson for Gudmundsson, the moratorium was requested to secure the interest of the football club’s owners and of their loan granters, Fréttabladid reports.
Fridgeirsson said it is highly likely that Hansa’s assets will cover all debts and that the moratorium will be extended. He did not want to reveal any specific amounts. The moratorium is expected to speed up the sale of West Ham.
“West Ham is one of the company’s [Hansa’s] assets and the owner is looking at all possibilities in regards to sale,†Fridgeirsson said.
Source Iceland Review Online
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Posted in Bjorgolfur Gudmundsson, Featured Article, Injuries, New Manager, West Ham News | 
Tags: All Possibilities, Assets, BG, Chairman Of The Board, Debts, England Premier League, English Football Club, Flash 3, Hansa, Holding Company, iceland, Landsbanki, Majority Owner, Moratorium, Poll Id, Possibilites, Puchar Ligi, Spokesperson, Vice Chairman, West Ham United
very interesting….what a change of tune from BG!
the next problem is, are we able to sell to a person with a genuine football interest?
Does anybody know if there is any truth in the story below?
Gudmunnson is looking for cash and has agreed a sale of west ham for £80 million plus another £30 million being held until after the Tevez case is resolved, at which time Gudmunnson will pay half the award from the held cash if West Ham lose. In the event that West Ham do win then he will be an extra £30 mill better off.
The new owners are trying to keep things quiet, but they are in fact the same group that considered buying Charlton earlier in the year. That was in fact a dummy bid in order to force the West Ham board into making a decision.
The extra clause has been added as the group are anxious to take over before Christmas, in order to ensure that West Ham do not get embroiled in the relegation dogfight.
Zola is a popular choice with the new regime despite recent results, they just feel that the current squad is too weak to play the type of football he is trying to introduce.
Perhaps a bigger shock is that the original Teflon don, Mike Duxbury, will still have his job when the new owners take over. This is mainly due to his knowledge of the Tevez case and will be reviewed once court action is finished.
Great article!