Thursday 9 October 2008

To Sell Or Not TO Sell

Bjorgolfur Gudmundsson is under pressure to sell the club he purchased just two years ago.
According to reports Gudmundsson has been told by the icelandic government that he must sell his non-domestic interests in order to reduce the losses incurred by the collapse of Landsbanki bank this week which according to reports could this could just about touch the £395millon mark of Gudmundsson money alone so this inturn could
force the sale off westham united by mr Gudmundsson. One report this morning suggests that an interested party had three seperate bids for the club rejected last week, prior to the collapse of Landsbanki. Elsewhere it has been claimed that at least one bid from a UK-based consortium has been rejected.

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