Thursday, May 7, 2009

Quick Throw: Upton Park to go belly up?

Say goodnight to West Ham's Icelandic owner Bjorgolfur Gudmundsson, as he announced liabilities of 301m pounds this morning and that a group of his creditors, led by Icelandic bank Straumur, will be taking control of the club shortly.

Long story short, a bank he had a significant stake in collapsed, and now he's in the shitter and might even lose his house.

Not sure this means for West Ham in the long term (they should be able to keep their Europa League spot pending UEFA review of their financial paperwork), but I can safely say one thing: fire sale!

[Guardian Sport]


Precious Roy said...

Long story shorter: Iceland went bankrupt.

EbullientFatalist said...

Is there a future Carrick or Lampard available? And if so, can Arsenal have first option?