Posts Tagged ‘Gudmundsson’

I am probably in a minority of people that are quite happy the way Bjorgolfur Gudmundsson is running our club, he seems to have the ability to maintain the club as a profitable business with a good team of people working in management, considering he has been through hell and back with his other businesses.

A very interesting story came up this morning regarding Hansa and West Ham United in the telegraph, read the story here:

Potential investors queue up as West Ham fight to stave off insolvency

Let me hear your view and who you may think this Asain Investor could be?

It is reported that Bjorgolfur Gudmundsson is looking in the region of £230-£250m for West Ham in the coming months, a slightly exaggerated price considering the club initially cost him somewhere in the region of £100m inc Eggy’s shares.

So what would happen if we sold Craig Bellamy and Mathew Upson? disaster thats what would happen, BG has to take into consideration that the sale of these 2 players could mean relegation problems which could result in losing around £40m in TV rights as a premiership club, and also the clubs for sale banner would drop to a bargain basement price of around £60m, partly because the few good players we do have will jump ship as they have done in the past.

Bellamy is considered to be worth around £7m and Upson i would guess around the same price, so even if it is true and we are a financially struggling club it would be suicide to sell these players, it is these players that are just keeping our heads above water at the moment.

BG, Nani and Duxbury have to keep these players at all costs, we still need 23+ points to believe we are safe from relegation, lets not make the mistake that Portsmouth are making by selling Diarra and what Wigan will be making if they sell Heskey.

Its better to be safe then sorry.

ALL FIGURES ARE ESTIMATED FROM VARIOUS SOURCES AND ARE NOT THOSE STATED BY WHUFC

Lo and behold, West Ham are officially up for sale and at £250m that should make BG a nice little earner for his 2 years of greif even after a probable payout to Sheffield Utd.

The vice Chairman Asgeir Fridgeirsson has admitted that BG has been considering a sale since November after a lot of interest was shown in purchasing the club from potential buyers and what BG is looking for has to be a heavy investor like the Abu Dhabi group whom purchased Man City.

AF said in a phone interview to the Associated Press:

“We are reviewing the asset, looking at what might be the value of the club, There is a great interest in the club and many interested parties are calling to show interest. It is part of reviewing the assets of Mr. Gudmundsson and what might be the possible value of each asset. Following such a review we will take a decision whether to sell or not. We don’t have to sell. It’s a process where we are gathering options and information to see what is out there in terms of demand.”

WHUFC For Sale

Well i cant speak for the demands of BG but i can for the demands of the fans, BG obviously does not have the funds to take the club forward and selling the club will be the best thing all round.

The most likely buyer will be Prince Shaikh Hamdan who is on par wealth wise as the Abu Dhabi group, this is the guy who was on the brink of buyin Charlton a few months ago but backed out at the last moment when rumours were ripe that West Ham were looking to sell the club.

As a fan, my major worry is, if and when we sell and take on a new owner, will West Ham be his/her toy or will he/she show passion for the club as we do, which is very doubtful as it takes years of pain and misery and love to feel about West Ham as we do.