Thursday, January 7, 2010

WEST HAM: Air Asia tycoon to make bid for club

04 January 2010

WEST HAM will have another takeover bid to contend with after Air Asia boss Tony Fernandes claimed he will make a move for the troubled Upton Park club.

Fernandes, a keen Hammers fan, told the Sun: “Soon West Ham fans will have an owner who can make a difference and who cares.”

The tycoon is expected to make an official offer soon, although he is likely to face competition from two other interested parties.

London-based financial company Intermarket are believed to have submitted an offer – believed to be in the region of £100m - to Rothschilds, who have been appointed by West Ham's owners, CB Holding, to handle any bids.

Former Birmingham City owners David Gold and David Sullivan are also understood to have lodged an offer for the club, reported to be around £50m for a 50 per cent stake in the club.

Troubled Icelandic bank Straumur, which owns 70 per cent of West Ham, were granted a moratorium on their debts until September this year; a decision which has bought them time and has alleviated the pressure to make a quick sale.

Guardian Series

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