Posts Tagged ‘Premier League Official’

West Ham’s holding company applied to enter administration amid financial turmoil roiling the Premier League football team’s owner Bjorgolfur Gudmundsson.

Hansa Eignarhaldsfelag ehf will be run by an administrator appointed by Icelandic authorities, West Ham Vice Chairman Asgeir Fridgeirsson said today in a phone interview.

“There’s no chance of anything happening to the club,” Fridgeirsson said. “West Ham has no loans — it’s a clean sheet.”

West Ham won’t be subject to a sanction because the London club isn’t directly affected, a Premier League official said. Under league rules, clubs that become insolvent are docked nine points.

Source Alex Duff Bloomberg.com