Posts Tagged ‘Empire’

After speculation that Bjorgolfur Gudmundsson is looking to sell West Ham United and that the club would be going into administration, news has arrived that Bjorgolfur Gudmundsson wants to reassure the fans that he has no intentions of selling his club and that administration is far from being true.

According to the Independent Bjorgolfur Gudmundsson is furious with rumours that West Ham United have supposedly asked the firm Seymour Pierce to find a new owner for the club, he also wanted the fans to know that he would rather sell any of his other assets than sell West Ham United.

This is great news from the big man whom has suffered great losses in his Icelandic empire and that his country Iceland are begging him to sell his European assets in aid of helping the Icelandic economy.

All premier league clubs have massive debts and West Ham’s debts are around £60m in various loans, this amount is nothing compared to what is called the big 4 clubs which in total is estimated at around £1.2bn.

The threat of having to pay Sheffield Utd up to £50m is a big worry for the club, but with the talent of the squad and at least 6-8 players rumoured to be sold in january the club will be ready for its destiny.